The motto of these games is "Laurels, not prizes" (Greek: "Στεφανίτες" και όχι "Χρηματίτες"), meaning that the purpose of these games is solely the moral perfection of man and not rewarding the winners with pecuniary means. Modern Lykaia are usually held in the beginning of August.
The motto of these games is "Moral achievement over material gain," (Greek: "Στεφανίτες" και όχι "Χρηματίτες"), highlighting that the primary goal is to cultivate moral perfection in individuals, rather than rewarding them with financial incentives. These events usually occur at the start of August.