America's contemporary version of this lunacy is...
THE ROCK AND ROLL HALL OF FAME
It's a marketing 'nothing'. Such an institution represents the forces that try to control culture. It should be eliminated.
Steve Miller's experience:
I agree, it's about the least rock-and-roll thing you could imagine. Having these gatekeepers to some corporate elite thingy is totally meaningless.
I visited once. The only point of the HOF is to walk through the museum, which is amazing. It should just be a museum, and be renamed the "Rock and Roll Museum". No silly inductions. Music and art awards in general are a bit of a joke.