The Kunsthaus is a place for artists to exhibit their work. The art displayed here is chosen by an advisory committee appointed by the Nuremberg city council. The Kunsthaus presents primarily regional art, yet encourages exchange with artists from other regions and countries. Since 1993, the Art Prize of the Nuremberger Nachrichten newspaper is given out each year at an exhibit in the Kunsthaus. This prize is given to artists who are working as painters, sculptors, graphic artists and gold- and silversmiths. The annual exhibit of the works competing for this prize is one of the most important in northern Bavaria.