The first edition of the BBVA Foundation’s Frontiers of Knowledge Prize in the Arts, sponsored by the Spanish bank BBVA, has been awarded to American architect Steven Holl. The 400,000 euro prize (roughly US $500,000), whose announcement surprised even Holl, is a another sign of the apparent good health of the Spanish banking system, following the BBVA's recent announcement of a new headquarters building by Herzog and De Meuron.
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