The McCaughey Prize (or John McCaughey Prize) is an Australian art prize awarded to an artist or artists, under which the National Gallery of Victoria and the Art Gallery of New South Wales acquire work by the winning artist.
The McCaughey Prize (also referred to as the McCaughey Memorial Prize, the McCaughey Art Prize or the McCaughey Art Award) was instituted by Miss Mona McCaughey in 1957, to commemorate her father John, a pastoral industry investor who had died in Sydney on 20 June 1928. It is not related to John Davis McCaughey, former Governor of Victoria.
Two prizes were established, one in Melbourne (administered through the National Gallery of Victoria) and one in Sydney (administered through the Art Gallery of New South Wales). It is awarded periodically, typically every few years. "The acquisitive prize enables the National Gallery of Victoria to acquire works from each of the winning artists to a total value of $30,000".