- Guggenheim Foundation, Solomon R Guggenheim Museum.
- Award of $100,000.
- No age, gender, nationality or media restrictions on eligibility.
Nominations include emerging artists as well as distinguished professionals who are due recognition.
- Focus on rewarding work that represents a significant development in contemporary art. Hugo Boss sees the prize as ‘…underlining our commitment to the arts as an integral part of our corporate culture’.
- A jury of curators, critics and scholars nominates six or seven artists for the shortlist and subsequently chooses the prizewinner.