The Annual Wallace Art Awards aim to support, promote and expose New Zealand contemporary art and artists. Sir James Wallace established the Annual Wallace Art Awards 21 years ago. These Awards are now the longest surviving and largest annual art awards of their kind in New Zealand, with a value amounting to over $165,000. They differ from other important New Zealand art prizes in that they aim to provide challenging opportunities and broadening experiences to the four major winners by way of residencies at top-class international institutions.
The Awards are given for contemporary New Zealand painting, sculpture, video, drawing and unique photography and print to encourage and develop the visual arts in New Zealand, and in particular to reward artists creating outstanding work.