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McQueen was nominated for the direction of "Hunger," based on the last six weeks of the life of IRA member and hunger striker Bobby Sands. The event was held at Francois Pinault’s art museum, Palazzo Grassi.
"Hunger" premiered at the 2008 Cannes Film Festival and won the prestigious Caméra d'Or Award. McQueen, who often appears in his own work and employs extreme and unexpected camera angles, won the Turner Prize in 1999 for his exhibition at the Institute of Contemporary Arts.
Robert Polet, president and chief executive officer of Gucci Group, said McQueen "continuously transcends the boundaries of conventional art forms" and "profoundly embodies the spirit of the Gucci Group Award which recognizes and honors visionaries who bring art to life on screen."
The Gucci Group Award is given to an international artist for his contribution to film.
McQueen said "…the fact that the award recognizes the efforts of an artist who has broken into a different genre gives me great pleasure."
Members of the Selection Committee included Marco Müller, director of the Venice Film Festival, Stefano Pilati, creative director of Yves Saint Laurent, artist Jeff Koons, actress Isabelle Huppert and Franca Sozzani, editor-in-chief of Vogue Italia.
Others nominated were Julian Schnabel, who won last year's edition, photographer Isaac Julien and musician Adam Yauch.