Derwent have announced a new art competition, called (unsurprisingly) the Derwent Art Prize. Don't be put off by the fact that it's for "works created in pencil", as this includes water-soluble and pastel pencils. It's open internationally, with a first prize of £5,000 (about US$8,000). Deadline 1 July 2013. Full details on the Derwent Art Prize website
or, if you want the info "unpacked", Making a Mark
has done this. Note that the entry conditions
include your agreeing for your work to be photographed and used to promote the competition exhibition on the web (and in print).