The Sovereign Art Foundation has announced that Korean artist Jeong Mee Yoon has won the 2011 Sovereign Asian Art Prize. Her piece The Pink Project II – Lauren & Carolyn and Their Pink & Purple Things was awarded by the world class judging panel. The Scheoni Prize, which was decided by the public, was awarded to Chongil Woo, also from Korea, for his art work Women of the Joseon Dynasty. Please click here to view both prize winners and the remaining 28 finalists art work. The prizes were announced at an event in Hong Kong in February, following the exhibition of the finalists work at the Singapore Art Museum. A tour of the 2011 Sovereign Asian Art Prize finalists exhibition to Shanghai is planned in 2012.