Hrafnkell Sigurđsson takes prize in art and Studio Grandi in design, with architect Högna Sigurđardóttir reciving the Honorary Award.

The Icelandic Visual Arts Awards are a joint project of the town of Akureyri, Form Iceland, and the Association of Icelandic Visual Artists. The aim is to grant annual awards in the field of visual arts and thereby bring attention to the contributions of artists and designers working in Iceland and of Icelandic visual artists abroad, increase the public’s knowledge of, interest in, and access to the visual arts, encourage the development of professional knowledge, and create a platform for the production of future work. Six artists, or groups of artists who usually work together, receive nominations in the two fields of art and design, in order to recognise their contribution to their respective disciplines during the twelve-month period prior to the nominations. Any artist or designer can be considered for these nominations who has exhibited works during this period or publicised them through some other means. Two of these nominees then each receive the Icelandic Visual Arts Award, as well as a prize in the amount of ISK 2,000,000. An Honorary Award is given every year to an artist or designer in recognition of his or her unique lifetime contributions to the visual arts. The awards were first given in 2006.