The EFG Latin America Art Award, in collaboration with Art Nexus, an annual acquisitions award given to a contemporary Latin American artist, was created in 2010. Nominees are selected from five art fairs in Latin America: SP-Arte (São Paulo); ; Ch.ACO (Santiago de Chile), Pinta PArC (Lima); arteBA (Buenos Aires) and ArtBO (Bogotá).
The EFG Latin America Art Award seeks to promote the creation and development of visual arts in the region and attract collectors to art fairs in Latin America. EFG Capital acquires in each edition a work of art among the selected nominees, which is announced at the Pinta Miami fair. The complete EFG Latin America Art Award collection is on permanent display at EFG Capital's Miami office.