The Armory Show has created a new award called the Gramercy International Prize, which is intended to support “young and pioneering New York galleries” that have not previously shown at the fair, according to a release. Per the terms of the prize, the gallery won’t have to pay to participate in the fair, which this year runs from March 7 to 10 in New York.
The first winner of the award is the elusive Ramiken, which will stage a presentation of work by Darja Bajagić and Andra Ursuţa. Ramiken was selected by a jury that included collector Stefano Basilico, curator Clarissa Dalrymple, and dealers Nicole Klagsbrun, Andrea Rosen, and Lisa Spellman. At the moment, Ramiken has no permanent location, but late last year was operating out of a private space in New York.
In a statement, Nicole Berry, the executive director of the Armory Show, said that the award’s name refers to the fair’s original title, the Gramercy International Art Fair, adding, “In the spirit of our founders, we are honored to offer this new prize to a gallery committed to showing a robust and experimental program of emerging talent in the hopes that they too may continue to push the boundaries of contemporary art practice.”
The Armory Show’s launch of the Gramercy International Prize is one of many initiatives by fairs around the world intended to ease the cost of exhibiting at market-related events for emerging galleries. Last year, Frieze New York and Art Basel lowered their exhibition fees for young galleries. The New Art Dealers Alliance, meanwhile, has called off the March edition of its New York fair this year, and said that it will instead put its efforts toward getting visitors to come to galleries themselves.