On August 24, at the seventh annual St. Mortiz Art Masters festival (8/22–31), held in Engadine, Switzerland, Nalini Malani took home the St. Moritz Art Masters Lifetime Achievement Award in recognition of her outstanding accomplishments in the field of contemporary art. Created in 2008 by Cartier, the award celebrates new developments in contemporary art, and former recipients have included Ai Weiwei, Oscar Niemeyer, William Klein and Ilya and Emilia Kabakov. With the focus of this year’s St. Mortiz Art Masters on contemporary Indian art, the award could not have come at a better time for Malani. As part of winning the award, she is invited to showcase an exhibition during the festival.

On August 18, Lee Yong-woo, president of the Gwangju Biennale Foundation, announced his decision to resign over controversy surrounding a satirical painting of South Korean president Park Geun-hye. 

Following his win of the 2014 Basil Sellers Art Prize two weeks ago, for Once Upon A Time, for which he received AUD 100,000 (USD 92,780), Tony Albert again makes news by winning the Telstra Award.