Handed out every two years, the Hugo Boss Prize recognizes significant achievement in contemporary art and comes with a $100,000 award, plus a solo show at the Guggenheim Museum in New York. McQueen is among six finalists for the 2014 edition of the award.
The other finalists are Paul Chan, a Hong Kong artist now based in New York; Sheela Gowda, an artist from Bangalore, India; Camille Henrot, a French artist based in Paris and New York; Hassan Khan, a Cairo-based artist originally from Britain; and Charline von Heyl, a German artist now based in New York.
McQueen, who was born in Britain and is now based in Amsterdam, has created numerous video installations and short films that have been exhibited in museums and galleries. He won Britain's prestigious Turner Prize in 1999 for his visual art.
Since 2008, he has been concentrating on movies, having directed "Hunger," about Irish political activist Bobby Sands' hunger strike in prison, and
The 2012 winner of the Hugo Boss Prize was Danh Vo, the Vietnam-born artist who hails from Denmark.