Wizardry Competitions
Wizards engage in new spell competitions, showing off the latest creations from the laboratory. Spells are compared within spell levels, and originality is more important than improving on an existing spell. Note that most wizards never sell their spells afterwards, no matter how many offers they get, as the envy they receive is reward enough to a wizard and his sponsoring lord (if any). Those that do sell their secrets often risk giving the competition a big boost for next year!
In particularly powerful campaigns, there might be royal competitions for best new magic items, categorized along the lines of the tables in the AD&D 2nd Edition Dungeon Masters Guide.
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