The FLD Art Award is an independent accolade for contemporary art established in 2021 by the founders of Fine Little Day, Elisabeth Dunker and Ulrika E. Engberg, with the purpose of paying tribute to art form practitioners who inspire them. The duo also selects the winner without requiring an application process. The purpose is to support and promote the selected artist and their work. The recipient receives 2500 EUR and the chance to host an exhibition in the Fine Little Day gallery.

Since Fine Little Day's establishment in 2007, its platform has passionately spread the word about artists and their work across the globe to showcase their work through social media, products, publications and exhibitions.