The Aschehoug Prize is published annually by the Norwegian publishing house Aschehoug.
The Aschehoug Prize is awarded to Norwegian authors on the basis of the merit of a recent publication.
It is awarded on merit, irrespective of the publisher, based on a binding recommendation from the Norwegian Critics Organization.
The prize consists of a statuette of sculptor Ørnulf Bast and 100,000 kroner (2018).
The monumental sculpture Evig Liv (=Eternal Life) which is the reference of the miniature statuette is to be found at Sehesteds plass in front of the publisher's main building in Oslo.