Wiki Loves Monuments is a federative contest, and therefore each contestant is able to win prizes in their respective national contest. Please take a look at these more specific websites for more details. You can find a list of the national contests in the sidebar to the right of the page.
The national juries will nominate photos for the international contest, which has its own jury and awards. The main prize will be a photo trip to Hong Kong, connected to a visit to Wikimania, the annual meeting where Wikimedians from all over the world meet each other, with a maximum value of 2000 euro! Besides that there will be a number of photography-related vouchers, ranging from 400 euro worth (second prize) to 50 euro worth (tenth prize).
The distribution of these awards is determined by the principle that the first prize winner will have the first choice from the prizes, and so on – to ensure that every prize winner gets the prize he or she would like the most. Prizes are not exchangeable for money.
This year, there will be also a special award for the best photo of a gallery, library, archive or a museum building (the GLAM category), awarded and sponsored by Europeana, an Internet portal gathering over 10 million of books, paintings, films and museum objects; pictures from all around the world are eligible for that prize.