More from: Chipperfield bags £100k Praemium Imperiale
Announced in Paris yesterday, the awards are given to artists who have made a significant international impact in their particular field.
The Praemium Imperiale is the most valuable arts award in the world, with each artist being presented with 15 million yen (£90,000).
There is also an additional award for young artists, the Grant for Young Artists, given this year to the West-Eastern Divan Orchestra, a young Israeli/Arab orchestra co-founded by Daniel Barenboim and writer and philosopher Edward Said.
The awards will be presented to the artists on October 16 in Tokyo.
Herzog and de Meuron among Japanese art award winners