On Thursday, the 24th Latin Grammy Awards will be held for the first time outside the American continent, in Seville, Spain since its inception in 2000 as a sister to the international Grammys.
The Exhibition and Conference Center (FIBES) will open its doors to host the most important night of Latin music, which is expected to host big names such as Shakira will attend.
In fact, the event is anticipated to be Colombian-dominated as the three favorites to win share the most nominations. They’re the aforementioned Shakira, who will be joined by Karol G and Camilo.
The most successful Spanish artist is Pablo Alboran, who has won five Latin Grammys since being voted ‘Best New Artist’ at the 12th awards in 2011.
What is the weight of the golden gramophone and how much is it worth?
The Grammy Awards, formerly known as the ‘Gramophone Awards’, is a small replica of a gramophone, a device used to play old records, which is given as a trophy to winning musicians.
These small golden gramophones are made of a zinc alloy, called “Grammium” by its creator, and are gold-plated. Each statuette weighs five pounds, four ounces (2.3kg) and stands nine inches (22.8cm) tall, notes the Recording Academy.
The average estimated cost of the award is $15 as it is made with a unique alloy containing no precious metals. It takes 15 to 20 hours of labor to make. However, when the statuettes are awarded to the artists, their real value drops to $0, since the Recording Academy prohibits reselling the awards.
Although the award itself has no value, according to Forbes, a sample of artists and producers who won a Grammy saw a 55% increase in concert ticket sales and producer fees in the year following their win, an effect known as the ‘Grammy bounce’.