The image for the most recent contest is "Death and the Miser" by Hieronymous Bosch. Oooo, Bosch.
Here's the image and contest details. The deadline is March 16.
500 words, come on, no problem. Check out the image and give it a shot!
DISCLAIMER: Byzarium is publishing a story of mine in an upcoming issue. So they're nifty for that. But they were nifty before they ever made that decision :-)