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The Gramophone Classical Music Awards, launched in 1977, are one of the most significant honours bestowed on recordings in the classical record industry. They are often viewed as equivalent to or surpassing the American Grammy award, and referred to as the Oscars for classical music. They are widely regarded as the most influential and prestigious classical music awards in the world. According to Matthew Owen, national sales manager for Harmonia Mundi USA, "ultimately it is the classical award, especially worldwide."
The winners are selected annually by critics for the Gramophone magazine and various members of the industry, including retailers, broadcasters, arts administrators, and musicians. Awards are usually presented in September each year in London.