Elton John is one of a group of judges who will decide the winner of a new prize for artists under 35 years old.
The award, called the Future Generation Art Prize, has been set up by Ukrainian billionaire Victor Pinchuk. It includes a $100,000 prize and will be given out every two years.
Fashion designer Miuccia Prada is also among the panel of judges. Artists Damien Hirst and Jeff Koons will mentor the winners, who are required to use $40,000 of the prize money to create new work.
Artists interested in the prize can apply online between January 18 and April 18. The winner and finalists will be announced next December.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.