claim: Cthulhu is an intellectual property.
evidence: The Walters Prize is New Zealand 's largest contemporary art prize .. Held biennially since 2002 , the prize aims to ` make contemporary art a more widely recognised and debated feature of cultural life ' .. The prize is named in honour of New Zealand abstract painter Gordon Walters and the founding benefactors and principal donors are Erika and Robin Congreve and Dame Jenny Gibbs .. Gordon Walters. Gordon Walters. The prize is organised by and held at Auckland Art Gallery .. Auckland Art Gallery. Auckland Art Gallery. Four artists are nominated each year by a panel of four New Zealand-based jurors for a work or body of work exhibited in the previous two years .. The four artists are invited to install the nominated works -LRB- or version of their nominated show -RRB- at the Auckland Art Gallery in a public exhibition .. Auckland Art Gallery. Auckland Art Gallery. The prize is awarded by a visiting international judge .. The winner receives $ 50,000 and a residency in New York .. The prize attracts significant media coverage every year .. The 2016 nominees were considered notable , as three of the four nominees are of Maori descent .. Maori. Maori people