Knitting awards?

I was thinking about my pit crew trophy and the fact that until we won it I didn't know they gave trophies for that particular skill. So I was wondering about trophies for knitting. Is there such a thing?

Back in my childhood in West Virginia I remember touring a building at the West Virginia State Fair where they had exhibits of things like "Best Hay Bale" and "Best Rhubarb Pie", although the one I liked the best was "Best Floral Arrangement in a Coke Bottle". I can also vaguely recall displays of little knitted baby jackets with blue, red, and yellow award ribbons attached to them. (Evidently, I was wasn't as enthused about needle projects in those days.) However, that's the only time I've seen knitting judged and awarded a prize.

Does anyone here know if there are contests for knitters? (Not that I plan to enter one but it seems to me there should be such a thing for people who are really, really good at this because it is truly both a skill and an art.) Has anyone ever won one?