Hugo Boss Prize

The Hugo Boss Prize is an award conveyed to an artist or group of artists to recognize their works. It recognizes artists from any medium and from any parts of of the world.
It was established in 1996 and different from other art awards like the Turner Prize) because it has no restrictions on nationality or age. The prize is curatedby the Guggenheim Museum and sponsored by the Hugo Boss clothing company. It comes with a trophy and a cash award of US$100,000.