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View over Monaco, Monte Carlo Grand Prix Formula one circuit . The Monaco Grand Prix (French: Grand Prix de Monaco) is a Formula One race held each year on the Circuit de Monaco. Run since 1929, it is widely considered to be one of the most important and prestigious automobile races in the world, alongside the Indianapolis 500 and the 24 Hours of Le Mans (informally known as the Triple Crown of Motorsport). The circuit has been called an exceptional location of glamour and prestige.