Photographer's Note

Where they decide for the Nobel Prize

The Stock Exchange Building (Swedish: Börshuset) is a building originally erected for, and is still owned by, the Swedish Academy, located on the north side of the square Stortorget in Gamla stan, the old town in central Stockholm, Sweden.
The Academy uses the building for its meetings, such as those at which it selects and announces the name of the recipient of the Nobel Prize for Literature. It is, however, more closely identified with and colloquially referred to by the name of its former tenant: the Stockholm Stock Exchange.
The building also houses the Nobel Museum and the Nobel Library.

The Nobel Prize

The Nobel Prize is a set of annual international awards bestowed in a number of categories by Scandinavian committees in recognition of cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895. The prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Peace were first awarded in 1901.
The Peace Prize is awarded in Oslo, Norway, while the other prizes are awarded in Stockholm, Sweden. The Nobel Prize is widely regarded as the most prestigious award available in the fields of literature, medicine, physics, chemistry, peace and economics.
In 1968, Sveriges Riksbank instituted an award that is often associated with the Nobel prizes, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The first such prize was awarded in 1969. Although it is not an official Nobel Prize, its announcements and presentations are made along with the other prizes.
The Royal Swedish Academy of Sciences awards the Nobel Prize in Physics, the Nobel Prize in Chemistry, and the Nobel Memorial Prize in Economic Sciences. The Nobel Assembly at Karolinska Institutet awards the Nobel Prize in Physiology or Medicine. The Swedish Academy grants the Nobel Prize in Literature. The Nobel Peace Prize is not awarded by a Swedish organisation but by the Norwegian Nobel Committee.
Each recipient, or laureate, receives a gold medal, a diploma, and a sum of money which depends on the Nobel Foundation's income that year. In 2011, each prize was worth kr10 million (c. US$1.46 million, €1.16 million). The prize is not awarded posthumously; however, if a person is awarded a prize and dies before receiving it, the prize may still be presented. A prize may not be shared among more than three people. The average number of laureates per prize has increased substantially over the 20th century. (Source: viewonacities/stockholm& wikipedia)

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Additional Photos by George Rumpler (Budapestman) Gold Star Critiquer/Gold Note Writer [C: 8900 W: 3 N: 20435] (82620)
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