Lulu Li was today announced as the winner of the inaugural GAM Gilbert de Botton Art Prize for new talent. The Chelsea College of Art and Design student was selected for her series of five temporal installations and was presented with the award at the opening of the College’s annual postgraduate show.

MA Fine Art student Li transformed her studio space into a gallery – each day creating a unique show lasting for one day only. Working with everyday objects, each mini show was a reaction to the space itself, exploring the narratives between situation, space and object. With each new installation Li was constantly looking for the moment in which everything clicks into place.

Li was deemed most likely to significantly impact the contemporary art world by the judging panel, including collector Alex Sainsbury, Haunch of Venison curator Nina Miall, artist Gary Hume and art critic Louisa Buck. She was recognised for her outstanding aesthetic ability and subtle yet assured work. Beating off fierce competition from fellow students at Chelsea College of Art and Design, Li receives £5,000 to help nurture her talent and develop her work in the early stages of her career.

The award has been created to honour GAM’s founder, the late Gilbert de Botton, a visionary financier and well-known patron and leading collector of modern and contemporary art. His legacy at GAM is an organisational culture that seeks to identify and nurture talent, whether that is in the world of asset management or in the arts.

GAM is a committed supporter of the arts and emerging artists. In addition to awarding the Gilbert de Botton Art Prize, GAM are offering financial support to the College. They are also lending their support to Future Map 2010, the annual exhibition of the best emerging talent from the current graduating year at University of the Arts London.