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Article: Art collector Saatchi gives the Turner Prize a run for its money He can make or break an artist by buying or selling their entire oeuvre. Now the multi-millionaire who put Damien Hirst and Tracey Emin on the map plans to outdo the Tate by launching his own pounds 40,000 prize for contemporary art, reports James Morrison
- Article from:
- The Independent on Sunday (London, England)
- Article date:
- January 26, 2003
- Author:
CopyrightCopyright 2003 The Independent on Sunday. Provided by ProQuest LLC. (Hide copyright information)
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Charles Saatchi, the multi-millionaire advertising mogul and doyen
of the contemporary British art scene, is to launch his own version
of the most infamous event in the art-world calendar, Tate Britain's
Turner Prize.
In a move likely to antagonise the Tate and its director, Sir
Nicholas Serota, Mr Saatchi is planning to award a pounds 40,000
prize to an outstanding UK artist each year - twice the sum lavished
on the winner of the Turner.
The prize is expected to be unveiled officially in the spring at
the launch of his most ambitious venture yet, a 40,000sq ft gallery
designed to house his 3,000-piece collection of modern art. Situated
barely half a mile from the Tate Modern along the ...