Turner Prize contender Anthea Hamilton's inspiration for her work was from the designer Gaetano Pesce. Photograph: Kyle Knodell

The Turner Prize, named after the English painter J. M. W. Turner, is an annual prize presented to a British visual artist under the age of 50. The Tate Gallery organizes the awards which are held at Tate Britain. The prize, established in 1984, has become the United Kingdom's most publicized art award. Though the award represents all media, some of the most controversial pieces are its sculpture – this year, it's the 18-foot “bare bottom" by Anthea Hamilton.

Four artists, Anthea Hamilton, Michael Dean, Helen Marten and Josephine Pryde have been selected for this year's exhibition. They will exhibit their work at the Turner prize show running from September to January with the winner receiving £25,000 ($35,897.50).

This year's judges include Cotton, director of Bonner Kunstverein, Bonn; Tamsin Dillon, curator; Beatrix Ruf, director, Stedelijk Museum, Amsterdam; and Simon Wallis, director, the Hepworth Wakefield. It is chaired by Farquharson.

The Turner prize has been won by a number of artists including Gilbert and George, Rachel Whiteread, Damien Hirst and last year the design and architecture collective Assemble.

Read more about it in the Guardian.