Japanese company launches $1m contemporary art prize

Our daily round-up of news from the art world

Japanese company launches $1m contemporary art prize | The Japanese financial securities company Nomura Holdings announced this morning (20 March) that it is launching Nomura Art Prize, which will come with the contemporary art world’s largest cash award at $1m. The annual prize will be given to an artist who has created works of considerable cultural significance. A further $100,000 will be awarded each year to two additional artists as part of Nomura’s Emerging Artist Awards.

US Supreme Court will not hear case over National Gallery’s Matisse | The US Supreme Court will not review an appeal of a previous ruling that denied a claim to ownership of a portrait by Matisse, currently owned by the National Gallery in London, the Art Newspaper reports. Last September, the Second Circuit Court of Appeals in New York rejected a claim to ownership of the painting that had initially been made in 2011 by the descendants of Greta Moll, who is depicted in the portrait of 1908. 

Rose Hilton (1931–2019) | The British painter Rose Hilton, known for her colourful studies of interiors and figures, has died. Hilton attended London’s Royal College of Art, where she won the Abbey Minor Scholarship allowing her to study for a year in Rome. Despite her training, it was only after 1975 that Hilton gained recognition with her first solo show at Newlyn Art Gallery in 1977. Hilton lived in Cornwall and was the subject of a retrospective at Tate St Ives in 2008.

Kehinde Wiley announces new artist residency in Senegal | The American artist Kehinde Wiley has announced that he is creating a new multi-disciplinary artist residency, named Black Rock Senegal, in Dakar. The first edition of the project will run from June 2019–February 2020.