The Lovis Corinth Prize was founded in 1974 by the KünstlerGilde e.V. and is awarded annually at the KOG. It is named after painter Lovis Corinth (Tapiau/East Prussia 1858-1925 Zandvoort/province of North Holland), an important representative of German Impressionism and a pioneer of Expressionism. From 2006 onwards, the KOG will participate in the selection of candidates and the awarding of prizes, which will take place every two years starting this year. Since 2016 the KOG has coordinated the award of the Lovis Corinth Prize, either alone or in cooperation with different partners.
The award is given to visual artists whose work in the fields of painting, graphics, sculpture, installation, performance, photography and new media has a thematic or biographical connection to Eastern Europe. It recognizes internationally significant oeuvres that make a relevant contribution to the development of contemporary forms of expression. Candidates are nominated by an expert jury.
Previous winners of the Lovis Corinth Prize include a number of prominent artists. The award is accompanied by an exhibition at the KOG. Some of the artists are represented with works in the museum's collection. A rotating selection of these pieces are on display in the main gallery and form part of the permanent exhibition. The installation "Venceremos/Sale" by the Czech artist Magdalena Jetelová, winner of the award in 2006, is a distinctive work of “Kunst am Bau” (building art), which now forms part of the museum’s façade.