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The Beck’s Futures Award, established seven years ago as the Institute of Contemporary Art’s rival competition to the Turner Prize, is set to be abandoned in favor of a music prize sponsored by the beer company, reports the Evening Standard‘s Tom Teodorczuk. A source inside the company was quoted as stating: “There was a general fear that the prize wasn’t very cool any more. What’s the point of hosting a modern art prize that is no longer fashionable?” Last year’s competition was won by Matt Stokes for Long After Tonight, a film re-creating a soul-music night at a Scottish church. Evening Standard art critic Brian Sewell welcomed the end of the prize: “I’m glad to hear of this. It’s been one of the most wretched prizes in arts sponsorship history.”

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