Bangkok--Oct 21--SET
The “Satang” sculpture model of Mr. Pasut Kranrattanasuit has been selected for production and installation at The Stock Exchange of Thailand (SET). The work won the SET Sculpture Contest, an activity to commemorate the SET’s 30th anniversary, which drew in a total of 167 entries. Cash prizes for contestants totaled more than THB 700,000.
The SET Chairman, Mr.Vijit Supinit, revealed that the SET Board of Governors has selected, from among numerous distinguished pieces, the sculpture model entitled “Satang” for full-size production and installation in front of the SET. The model was submitted to the SET Sculpture Contest, an activity held to commemorate the SET’s 30th anniversary. In the SET Board’s view the sculpture “Satang” is outstanding in that it best represents the SET’s logo via its use of modern art techniques and universal representation.
The “Satang” sculpture model is in the shape of a coin, and is formed out of bronze, pierced with metal rods in gold and silver. The sculpture presents the SET’s logo differently when viewed from different angles. It also represents high-speed ever-changing motion. Most importantly, it uses an art object which has meaning to everybody to relay and blend the Yin-Yang concept to reflect the one investment truth -- the perpetual relationship between risks & returns.
The owner of the “Satang” model is Mr. Pasut Kranrattanasuit, the distinguished artist who was awarded the 1st place, gold medal honor from the 47th National Art Fair. He described the meaning of his “Satang” sculpture as follows:
“Satang” uses the coin shape to represent money or assets, blending with the shape of SET’s logo. It blends the concepts of universality with thoughts of the Orient. The lines represent stock index movements. Their graphical movement is represented by convexity and concavity. The 2-faced coin is analogous to the pluses and minuses, and the ups or downs of the volatile market which are the result of human actions.
The SET’s logo that was derived from an ancient plate is already known to the public. The logo shape is then filled out, and fused. The fish’s shape and movement in the logo were stretched and emphasized by the varying distances of the lines to be analogous to the dynamism of the index. The sculpture is designed with simplicity, preciseness, universality, and the truth of life. It is based upon the existing image but has been made more graceful, using the object to represent the asset.
The SET President, Mr. Kittiratt Na-Ranong, said that the Contest fused art and the capital market in a special bond towards a common goal. Mr. Kittiratt was pleased that the selected work for installation represents the SET’s logo with dignity and meaning, as it will stand before the SET for many years to come.
SET Executive Vice President Mrs. Patareeya Benjapolchai, who chaired the judging panel, revealed that there were a total of 167 sculpture pieces submitted. 147 pieces were in the category of “students and the general public”, and the remaining 20 were in the “invited sculptor” category. The number of submitted works ranks among the highest when compared with previous contests of the same nature.
“The judges have carefully decided upon the best piece. They felt it was not an easy task since all of the pieces were outstanding in their quality, concept, and artistic beauty. They were designed to faithfully reflect the SET’s logo while relaying the philosophy of investment that bears both risks and returns,” Mrs. Patareeya said.
Mr. Nonthivathn Chandhanaphalin, President of the Thai Sculptor Association (TSA), noted that the contest hosted by the SET helped promote the creativity of Thai sculptors with relation to the capital market, as well as provide a great opportunity for interested people to express their talents, which is admirable.
“The sculpture model selected is the one that applies new materials, utilizes various colors associated with wealth, and clearly conveys the sense of the stock market. The techniques and production are also of very high standards,” Mr. Nonthivathn said.
In organizing this contest, the SET received strong support from Mr. Nonthivathn Chandhanaphalin, President of the TSA and Dean of the Faculty of Fine and Applied Arts, Mahasarakam University who helped publicize the activity. With Mr. Nonthivathn’s participation the response from the artists was very good indeed.
The contest was divided into 2 categories: the “invited sculptor” category and that for “students and the general public”. The judges included Mr. Chamruang Wichienket, National Artist (Sculpture); Asst. Prof. Khemrat Kongsuk, Artist of Distinction in Sculpture; Asst. Prof. Vichai Sithiratn from the Faculty of Painting Sculpture and Graphic Arts, Silpakorn University; and Mr. Nonthivathn Chandhanaphalin, President of the TSA and Dean of the Faculty of Fine and Applied Arts, Mahasarakam University. Mr. Suthichai Chitvanich and Mrs. Patareeya Benjapolchai, SET Executive Vice Presidents, as well as Mr. Thamnoon Duangmanee, Advisor to the SET, and Mr. Vichate Tantiwanich, Managing Director of the Family Know-How Co., Ltd., were also among the judges.
The winning pieces,
which each received a THB 100,000 cash prize,
in the “invited sculptor” category are:
“Satang”
by Mr. Pasut Kranrattanasuit
“Fellowship of Balances”
by Mr. Naphat Thammaniya
“Movement of Fish in Circle Wave”
by Mr. Vasun Harimao
The winning pieces,
which each received a THB 50,000 cash prize,
in the “students and the general public” category are:
“Movement Dynamism of the Circle”
by Mr. Sutthisak Phuthararak
“Growing No.2”
by Mr. Sugree Gasorntgatsara
“Group of People”
by Mr. Somsak Kongnaphakdee
There were also an additional 19 consolation prizes, each worth THB 10,000. The judges also approved the granting of supporting prizes for contestants. Each of the supporting prize recipients will receive THB 3,000 in cash. Total cash prizes for the contest amounted to more than THB 700,000.
The SET will install the sculpture by April 30, 2005, in order to commemorate the SET’s 30th anniversary on that day. For more information, please contact the Activities & Edutainment Dept. of the Family Know-How Co., Ltd. at Tel: 0 2229-2645, 0 2229-2621.
For more information,
please contact the Media Relations Unit,
Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036 /
Kulvida Jintakawong Tel: 0-2229-2037/
Nattaporn Boonprapa Tel: 0-2229-2049
Attachment to the SET News Release No.126/2004, October 20, 2004
“Satang” Sculpture Selected for Installation in Front of SET Aged 33, Mr. Pasut Kranrattanasuit, graduated from the Faculty of Painting, Sculpture and Graphic Arts, Silpakorn University. He received a scholarship from the Italian government to study at Accademia di Belle Arti di Firenze, Italy. He received various prizes including the 1st place, gold medal honor in the Sculpture Category of the 47th National Art Fair, and was The Winner (Sculpture) 2001/2002 of the Vermont Studio Center Freeman Fellowship, in the U.S.A. He used to display his work in solo and group art exhibitions in Thailand as well as in Italy, Japan, and the U.S.A. End.