10.12.

1896: Why are Nobel Prizes Awarded Precisely on this Day?

1896: Why are Nobel Prizes Awarded Precisely on this Day?
Photo Credit To http://en.wikipedia.org/wiki/File:Nobel_medal_dsc06171.png

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  • historical event: The awards are presented at the annual award ceremony on this day because it marks the death of Alfred Nobel. Award ceremonies are held at the Stockholm Concert Hall. Only the Nobel Peace Prize is handed separately, at a special ceremony in Oslo.

The famous Alfred Nobel died of a stroke on this day in San Remo. In his last will and testament, he left most of his property, which would today be worth around 150 million euros, to the foundation which would, starting from 1901, pay rewards to deserving individuals from five areas of human activity (physics, chemistry, medicine, literature, and peace). The sixth prize – Prize in Economic Sciences – was added only in 1969, at the incentive of the Sweden’s central bank and, according to some, is not a genuine Nobel Prize.

The awards are presented at the annual award ceremony on this day because it marks the death of Alfred Nobel. Award ceremonies are held at the Stockholm Concert Hall. Only the Nobel Peace Prize is handed separately, at a special ceremony in Stockholm City Hall in Oslo, Norway. The reason for this separation is the fact that the Nobel Peace Prize winner is not chosen by the Swedish institutions like the other awards, but by a Norwegian Nobel Committee.

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