Artists Jenny Holzer and Andy Goldsworthy are among the five recipients of Japan’s 37th Praemium Imperiale award, one of the world’s largest art prizes, dubbed by some the “Nobel Prize of the Arts.” They will each win 15 million yen (about $95,000).

The award celebrates lifetime contributions to painting, sculpture, architecture, music, and theater/film on a global scale. Fellow laureates this year include actor Cate Blanchett, known for her Academy Awards for performances in Blue Jasmine (2013) and Elizabeth (1998); Polish American architect Daniel Libeskind, famous for his Jewish Museum design in Berlin; and the 99-year-old Swedish American symphony conductor Herbert Blomstedt, often considered one of the world’s greatest.

Jenny Holzer, chosen for the award’s painter category, has been using language and text as a conduit for shifting the ways we address questions of power, memory, and justice. Based in New York, her practice explores the political and social implications of public speech and the relationship between language and space. Holzer’s text-based works have been exhibited at the Venice Biennale, where she won the Golden Lion in 1990; the Guggenheim Museums; the Louvre Abu Dhabi; and the Museum of Modern Art in New York, to name a few. She also has a major solo exhibition coming up at the Musée d’Orsay in Paris this fall, and a current exhibit at the Fundação de Serralves in Porto on view until November 1.

Andy Goldsworthy, selected in the sculpture category, is world-renowned for his large-scale installations and sculptures made in and with un-manipulated natural materials found in the environment. They are often ephemeral, made from things like snow, twigs, and leaves, arranged in poetic displays that speak to the passage of time. The British artist’s works can be found in the National Gallery of Art, Washington, D.C.; Storm King Art Center, New York; Yorkshire Sculpture Park, West Bretton, UK, and he recently had a major retrospective at the Royal Scottish Academy. A solo exhibition at the Parrish Art Museum in Water Mill, New York, runs until November 8.

In addition, the Japan Art Association has awarded a grant of 5 million yen (about $32,000) to France’s La Source Garouste association for its work supporting young artists. Past winners have included Anish Kapoor, William Kentridge, James Turrell, the late Yayoi Kusama, Sophie Calle, Peter Doig, Olafur Eliasson, Doris Salcedo, and Marina Abramović.