From 2006:
I have a feeling that the reason why awards in the arts tend irresistibly toward irrelevance is that they contradict the essential nature of art. The fact is that there are only two “prizes” worth having, short-term success and long-term acclaim, neither of which can be conveyed by any means other than the uncoerced consensus of the relevant public. Yet as self-evident as that might seem, there is some irresistible impulse built into the human psyche that makes us keep handing out awards anyway….
Read the whole thing here.