Six finalists have been named for the 2014 Hugo Boss Prize, the Solomon R. Guggenheim Foundation has announced. The $100,000 award, named for the German men’s wear company that sponsors it, is given every two years to an artist making significant contributions in contemporary art. Besides cash, the winner’s work receives an exhibition at the Guggenheim Museum in New York.

In years past the finalists tended to include many emerging artists, but this year’s list will be familiar to the contemporary art world. It includes a former Turner Prize winner; an internationally acclaimed abstract painter; and the winner of the Silver Lion for most promising newcomer at the 2013 Venice Biennale.

The finalists:

Paul Chan, 40, a Hong Kong-born artist who lives in New York and has been featured in exhibitions around the world. He creates documentary videos, animated projections, drawings, conceptual works and performance projects that draw on politics and popular culture.

Sheela Gowda, 56, who lives and works in Bangalore in India. Though trained as a painter, she also creates sculpture and installation works that often use unconventional local materials, like cow dung, colored ceremonial powders, spices, hair and gold leaf, that reflect the culture and conditions of India.