Serpentine and the Flag Art Foundation announce Major New Transatlantic Collaboration
Serpentine and The FLAG Art Foundation announced the creation of a new prize dedicated to supporting artists worldwide.
Over the next decade, a total of £1 million will be awarded biennially – £200,000 to each recipient – to five artists, providing unmatched support at a pivotal moment in their careers. This will be the UK’s largest contemporary art prize given to a single artist.
Each recipient will stage a solo exhibition that debuts at either Serpentine or The FLAG Art Foundation and is then reimagined for the partner institution, creating an ongoing artistic dialogue between the two.
This partnership will establish a decade-long collaboration, awarding five prizes to five outstanding artists. The first artist to be awarded funds will be selected in 2026, with the inaugural exhibition set to open at Serpentine in London in Autumn 2027, before travelling to FLAG in New York in Spring 2028. Each presentation will be accompanied by a dedicated catalogue and a dynamic live programme, developed and produced collaboratively by both institutions.