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Once presented, the trophy already bears the winner’s name, often sparking speculation among commentators about when the engraver may safely begin their work. Traditionally — the winner was responsible for having their name inscribed, but 1967 champion Roberto De Vicenzo returned his trophy without this personalization. As a result — the trophy awarded at each Open is now a replica that the winner keeps for a year. Due to the Old Course’s prestigious standing, the Open is held there approximately every five years in modern times—a far more frequent rotation than other courses used for the tournament. Phil Mickelson secured his first Open Championship and fifth major title in 2013. Other repeat winners in this era include South Africa’s Ernie Els (2002, 2012) and Ireland’s Pádraig Harrington (2007, 2008).

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The winner is named «The Champion Golfer of the Year» — a title that dates to the first Open in 1860, and receives the Claret Jug, a trophy first awarded in 1872. The success of the tournament has led to many other open golf tournaments to be introduced around the world. Since the PGA Championship moved to May in 2019, the Open has been chronologically the fourth and final major tournament of the year.

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The Open was reorganized to replicate Hogan’s 1953 achievement of winning all three major tournaments in a single year. Peter Thomson, the first Australian Open winner, triumphed four times in five years (1954–1958) and later added a fifth title in 1965.