Is there anything like the Nobel Peace Prize for art?

The Nobel Prize does not include an award specifically for art. However, there is the Praemium Imperiale International Arts Award, which is often referred to as the “Nobel Prize” of the art world. The award was established in 1988 and is presented annually to individuals and groups that have made significant contributions to the world of art, specifically in the fields of painting, sculpture, architecture, music, and theater/film.