At the 42nd Annual Grammy Awards in 2000, "Buena Vista Social Club Presents Ibrahim Ferrer" received a nomination for Best Tropical Traditional Latin Performance. At the in the same year, the record was nominated for Traditional Tropical Album, Best Engineered Album, and while Ferrer himself won the award for Best New Artist. At the 2000 "Billboard" Latin Music Awards, the album won the award for Tropical Album of the Year by a New Artist and was nominated Tropical Album of the Year by a Male Artist.