Modern art has recently acquired a totally new status in Russia. Marginal phenomena known to few people only became a formidable institution with solid positions in the world of museums and exhibitions, as well as in the world of art markets. This is evidenced by the mega-exhibitions of modern art at the Hermitage, the Pushkin State Museum of Fine Arts, the Russian Museum and the Tretyakov Gallery, establishment of the Moscow Modern Art Biennale held in 2007 for the second time, the unprecedented growth of the prices for modern art that has been setting new records at the world auctions, the first ever Russian modern art auction at the Sotheby’s in London, an ever increasing number of the Russian modern art exhibitions, etc.

This background makes establishment of an independent Russian modern art prize under the highest international standards not only possible but also extremely important.

Goal of the Kandinsky Prize is to develop Russian modern art, to identify new exciting projects and artists, to define the main artistic process trends, impacts on the cultural and aesthetic content thereof, involvement of the new parties in the process and strengthening of the international positions.

As the prize fund is unprecedented in Russia, is sponsored by the leading Russian and international patrons of the arts and awarded by a professional international Jury is to attain this objective.