A literary award or literary prize is an award presented in recognition of a particularly lauded literary piece or body of work. It is normally presented to an author.
Organizations
Most literary awards come with a corresponding award ceremony. Many awards are structured with one organization (usually a non-profit organization) as the presenter and public face of the award, and another organization as the financial sponsor or backer, who pays the prize remuneration and the cost of the ceremony and public relations, typically a corporate sponsor who may sometimes attach their name to the award (such as the Orange Prize).
Australian author Richard Flanagan wrote a critique of literary awards, saying "National prizes are often a barometer of bourgeois bad taste." He says juries can be influenced by vendettas, paybacks and payoffs, "most judges are fair-minded people. But hate, conceit and jealousy are no less human attributes than wisdom, judgment and knowledge."[6] Book prizes will sometimes compete with one another, and these goals do not always coincide with anointing the best winner. Sometimes juries can not decide between two contentious books so they will compromise with a third inoffensive bland book. He says there are now so many awards and prizes it has diluted the prestige of being a prize-winning book. Flanagan clarifies he is not against literary awards, but believes they should not be taken too seriously as a form of support for literary culture.