[1] The award was initiated by Norwegian ship owner Thomas Fearnley (1880–1961) in connection with the 1952 Winter Olympics in Oslo.
[2] The Fearnley Olympic Award includes a statue in bronze by sculptor Per Palle Storm (1910–1994).
The first prizes went to speed skater Hjalmar Andersen (1923–2013) at the 1952 Winter Olympics at Oslo and to shooter Erling Kongshaug (1915–1993), who won a very close competition in the 1952 Summer Olympic Games at Helsinki.
[5] [6] [7] [8] In 1991, the prize was awarded to Norwegian sports official Arne Mollén (1913–2000).
Mollén is so far the only person to have received the award other than for participation in an Olympic event.