It's that time of year again: the shortlist for the Turner Prize has been announced. Spartacus Chetwynd, Luke Fowler, Paul Noble and Elizabeth Price have all been shortlisted for the award.
The Turner Prize was founded in 1984. The winner, chosen from a group of British artists under the age of 50 who has contributed significantly to the British contemporary art scene, is awarded £25,000, while the other three shortlisted each receive £5,000.
Last year, the award was won by the Scottish sculptor Martin Boyce for his installation Do words have voices. The award ceremony, held at the Baltic Centre for Contemporary Art in Gateshead, was interrupted by the international streaker Mark Roberts who was hired by the artist Benedikt Dichgans.
So what of the artists on this year's shortlist?
Lali Chetwynd was born and bred in London and changed her name to Spartacus - in a tribute to the Roman gladiator - in 2006. The 38-year-old is best known for her work as a performance artist, having created theatre which blurs the boundaries between performer and spectator. She encompasses a variety of art forms into her work and designs and makes the costumes and sets for her theatre.
Chetwynd is nominated for her solo "exhibition" Odd Man Out which was at Sadie Coles HQ in London last year. Her work consisted of a five-hour theatre performance using puppetry and exploring the themes of democracy, political disengagement and the right and responsibility of voting.
Glaswegian Luke Fowler focuses on film making. The 34-year-old has made a series of films looking at public figures who he is particularly fascinated by. He made a trilogy of films about the life of psychiatrist RD Laing, the third of which, All Divided Selves, premiered at Inverleith House in Edinburgh last year. In 2006 he released the film Pilgrimage from Scattered Points about the Scottish composer Cornelius Cardew. Both men are seen to be on the fringes of society.
Fowler is nominated for his work exhibited at Inverleith House, including the film All Divided Selves, 50 new photographs in his Two Frames photo series, and the installation Ridges on a Horizontal Plane.
Paul Noble, who was born in Northumberland, now lives and works in London and is one of the five founding members of the influential artists' space, City Racing. The 38-year-old is best known for his depictions of the fictional dystopian metropolis Nobson Newton, which he has worked on for the past 16 years.
Noble is nominated for the continuation of his Nobson Newton drawings, exhibited at the Gagosian Gallery in London. The exhibition included his centrepiece, a seven-metre wide drawing across 20 sheets of paper which took him four years to create. The settlements he depicts are famous for resembling human turds.
45-year-old Elizabeth Price encorporates moving image, text and music in her work. Her films focus on still objects and explore our relationsip with materialism. Price, who is originally from Bradford but now lives in London, is famous for her film West Hinder 2012, which was inspired by the sinking of a cargo ship in 2002 with nearly 3,000 luxury cars on board. The soundtrack to the film consisted of technical vocabulary from the cars' instruction manuals and marketing information.
Price, who used to be in the 1980s pop group Talulah Gosh, is nominated for her trilogy of installations at the BALTIC Centre for Contemporary Art in Gateshead.
The winner of the Turner Prize 2012 will be announced on 3 December 2012 at Tate Britain.