Famous comedian Steve Martin, who is also a talented musician and banjo player is competing against some of the best musicians in his field at the 20th International Bluegrass Music Awards this year.

The show is set to air on satellite radio from Nashville on Thursday night and Martin has already shared his excitement of the idea of him winning. In the past, Martin has collected a Grammy and Emmy awards, but Yahoo has reported that he has said that winning a Bluegrass Award “could be better than an Oscar.” Martin’s first musical album The Crow: New Songs for the Five-String has topped the bluegrass chart this year.

Dan Tyminski, a guitarist and singer, leads the Bluegrass pack with nine nominations including entertainer of the year, the duo Dailey & Vincent has seven nods, and Martin is a finalist with six award nominations.

In 2001, Martin performed banjo on Earl Scruggs remake of Foggy Mountain Breakdown. The song went on to win a Grammy in the category Best Country Instrumental Performance. He’s also played banjo with Steep Canyon Rangers on the June 27, 2009 broadcast of  A Prairie Home Companion.

Are you a fan of Steve Martin’s music? How prestigious is it to be nominated for a bluegrass award?