Millionaire Mode

The Economics of Art Prizes

Question 1 of 15

What is the primary purpose of art prizes?

To recognize and reward artistic excellence
To promote the sale of artworks
To support emerging artists
To generate revenue for art institutions

Prize Money

15₹7 Crores

14₹1 Crore

13₹50,00,000

12₹25,00,000

11₹12,50,000

10₹6,40,000

9₹3,20,000

8₹1,60,000

7₹80,000

6₹40,000

5₹20,000

4₹10,000

3₹5,000

2₹2,000

1₹1,000