These three organizations have won the Northern Trust Purchase Prize, which has been given yearly at the fair since 2013.
The winner gets to choose works from the Exposure section of the fair, which features galleries that have opened in the last ten years.
Northern Trust, a financial services company based in Chicago, will buy those for their permanent collections.
The reward is now open to museums all around the nation as of this year.
The art bought with the 2023 Northern Trust Purchase Prize will be shown at Expo Chicago on April 14, 2023.
In a momentous turn of events, directors and curators from prestigious art institutions, including the Seattle Art Museum, the Museum of Fine Arts in St. Petersburg, Florida, and the Saint Louis Art Museum, have been awarded the coveted Northern Trust Purchase Prize. This annual prize, given at Expo Chicago since 2013, grants these museums additional funding to acquire art pieces from the Exposure section of the fair, which showcases galleries established within the last decade. The financial services company, Northern Trust, based in Chicago, will purchase these selected artworks for the permanent collections of the three esteemed institutions.
Strengthening Art Collections and Supporting New Artists
José Carlos Diaz, the Seattle Art Museum’s deputy director of art, expressed the museum’s excitement about the prize, stating that their primary goal is to “continue to add to the variety of our collection and support new artists.” This esteemed honor provides them with a unique opportunity to strengthen their commitment to diversifying their collection and promoting emerging talents in the art world.
Amplifying the Voice of Artists Through the Art Ecosystem
Anne-Marie Russell, the interim executive director of the Museum of Fine Arts in St. Petersburg, hailed the Northern Trust Purchase Prize for its representation of a healthy art ecosystem. This ecosystem encompasses artists, galleries, institutions, art fairs, media, businesses, collectors, and the audience, all working together to amplify the voice of artists through their work. The prize acts as a catalyst for collaboration, fostering a vibrant and inclusive art community.
Expanding the Prize’s Reach
The Northern Trust Purchase Prize initially facilitated acquisitions for Chicago-area museums such as the Museum of Contemporary Art, the Block Museum of Art, the Smart Museum of Art, and the DePaul Art Museum. However, the scope of the prize has broadened, now welcoming museums from all across the nation to participate. This expansion opens up exciting possibilities for museums to enhance their collections and support contemporary artists nationwide.
In the most recent fair, the Northern Trust Purchase Prize had a profound impact on the Portland Art Museum in Oregon and the Pérez Art Museum in Miami. Each museum generously bestowed a painting by Adler Guerrier, Nohem Pérez, or Reginald Sylvester II on the esteemed Walker Art Center in Minneapolis. This gesture demonstrates the ripple effect of art patronage and the interconnectedness of art institutions in uplifting artists and their creations.
A Glance into the Future
The artworks acquired through the 2023 Northern Trust Purchase Prize will be showcased at Expo Chicago on April 14, 2023. This eagerly anticipated event will not only celebrate the creativity and talent of contemporary artists but also mark a significant step forward in the evolution of the art world.
The Northern Trust Purchase Prize has emerged as a powerful force in the art community, empowering directors and curators from leading museums to enrich their collections and nurture emerging artists. This prestigious accolade represents the spirit of collaboration, dedication, and growth within the art ecosystem. As art enthusiasts eagerly await the unveiling of the chosen artworks at Expo Chicago, the impact of this prize continues to resonate, inspiring the art world to embrace diversity, creativity, and artistic expression.
What is the Northern Trust Purchase Prize?
The Northern Trust Purchase Prize is an annual award given at Expo Chicago since 2013, providing museums with funding to acquire art pieces from the Exposure section of the fair, featuring galleries established within the last ten years.
Which museums were recently awarded the prize?
The Seattle Art Museum, the Museum of Fine Arts in St. Petersburg, Florida, and the Saint Louis Art Museum were the recent recipients of the Northern Trust Purchase Prize.
What is the goal of the Seattle Art Museum in receiving the prize?
The Seattle Art Museum aims to enhance the variety of its collection and support emerging artists through the prestigious Northern Trust Purchase Prize.
What does the Northern Trust Purchase Prize represent for the art ecosystem?
The prize represents the ability of a healthy art ecosystem to collaborate and amplify the voice of artists through their work, involving artists, galleries, institutions, art fairs, media, businesses, collectors, and the audience.
When will the artworks acquired through the 2023 Northern Trust Purchase Prize be showcased?
The chosen artworks will be displayed at Expo Chicago on April 14, 2023.