What is the history of the Archibals Prize?

Question

I am doing an assignment on the Archibald. I cannot find one bit of information about the history. I have tried the website and all.

Answer 1

"Jules François Archibald, then editor of the Bulletin, commissioned John Longstaff to paint a portrait of the poet Henry Lawson. Apparently Archibald was so pleased with the portrait that he decided to 'write his name across Sydney' by bequeathing money to the arts. When he died in 1919 he left one tenth of his estate of £89,061 in trust for a non-acquisitive annual art prize to be awarded by the Trustees of the (then) National Art Gallery of New South Wales (now the Art Gallery of New South Wales):