Miami Art Mogul Launches Award He Hopes Will Rival The Turner Prize

Jorge M. Pérez, the real estate developer whose lead gift for a new building inspired the renaming of what is now the Pérez Art Museum Miami (PAMM), has endowed the $50,000 Jorge and Darlene Pérez Prize, an unrestricted award to a living artist selected by PAMM. An additional grant of $25,000 will go to a young alumnus of the National YoungArts Foundation in Miami. — Artnet