These awards are now the longest surviving and largest annual art awards of their kind in New Zealand, amounting to over $85,000. The prize winners receive valuable residencies at prestigious international studios and stipends. Many of the winners and finalists of the Awards are purchased by the Trust each year to add to the Collection.
The Annual Wallace Art Awards.

... aim to support, promote and expose New Zealand contemporary art and artists.
17 years ago James Wallace established the Annual Wallace Art Awards. These awards are now the longest surviving and largest annual art awards of their kind in New Zealand, amounting to over $85,000. The prize winners receive valuable residencies at prestigious international studios and stipends. Many of the winners and finalists of the Awards are purchased by the Trust each year to add to the Collection.

"To live without art is to miss out on a vital dimension of life, to not have one of the senses. It is like cows who are so busy grazing they don't look up to see or react to a sunrise." James Wallace

Applicants must be New Zealand Citizens or permanent residents of New Zealand at the time of entry. Artists who have previously won the Paramount Wallace Art Award may not re-enter.

Wallace Trust Paramount Award , valued at $38,000 which goes toward a 6-month Residency at the International Studio and Curatorial Programme in New York
PARK LANE VERMONT STUDIO DEVELOPMENT AWARD , valued at $18,000 which goes towards a 3-month residency at the Vermont Studio Centre in the United States
Kaipara Foundation Wallace Award, valued at $20,000+ which goes towards a 3 month residency at Altes Spital in Switzerland
1st RUNNERS UP AWARD worth $2,000.
2nd RUNNERS UP AWARD worth $2,000.
Peoples' Choice Award worth $500.
Jury Award (non-monetary)

Full info at www.wallaceartstrust.org.nz/?s1=wallace%20art%20awards