Sponsored by The Hyatt Foundation

Ceremony

The Art Institute, Chicago, Illinois

The Art Institute of Chicago, founded in 1879 as both a museum and school, opened on its present site in the heart of Chicago in 1893. Throughout its history, it has grown extensively in response to the additions to its world-renowned collections and expanding programs. The original building, designed by Shepley, Rutan and Coolidge forms the main entrance on Michigan Avenue. However, other architects and firms such as Howard Van Doren Shaw, Skidmore Owing & Merrill, Tom Beeby, C.F. Murphy Associates, Dan Kiley, Renzo Piano, and others have made significant contributions this institution.

When the Chicago Stock Exchange (1893–94) was demolished in 1972, one of city’s most important landmarks designed by Louis Sullivan with his partner, Dankmar Adler, there was strong public outcry. Sections of Sullivan's elaborate stenciled decorations, molded plaster capitals, and art glass were preserved from the Trading Room, the magnificent centerpiece of the original 13-story structure. Using these fragments, the Art Institute was able to reconstruct the Trading Room in its new wing in 1976–77. The arch from the main entrance of the Stock Exchange Building was also preserved and graces the Art Institute’s campus in homage to the original landmark.

The Pritzker Architecture Prize ceremonies from both 1982 and 1988 took place at the Art Institute of Chicago. The 1982 ceremony consisted of an open air reception and ceremony and dinner in the Stock Exchange trading Room. The 1998 presentation was officially made at a luncheon within the museum.