Neustadt International Prize for Literature

Neustadt International Prize for Literature
The Neustadt Prize Feather
Country	United States
Presented by	University of Oklahoma, World Literature Today
Reward(s)	$50,000
First awarded	1970
Official website	www.neustadtprize.org

The Neustadt International Prize for Literature is a biennial award for literature sponsored by the University of Oklahoma and its international literary publication, World Literature Today. It is considered one of the more prestigious international literary prizes, often compared with the Nobel Prize in Literature and referred to as the "American Nobel" because of its record of 30 laureates, candidates or jurors who in 42 years have been awarded Nobel Prizes following their involvement with the Neustadt Prize. Like the Nobel, it is awarded not for any one work, but for an entire body of work.

The Neustadt International Prize for Literature was established as the Books Abroad International Prize for Literature in 1969 by Ivar Ivask, editor of Books Abroad. It was subsequently renamed the Books Abroad/Neustadt Prize, and the award assumed its present name in 1976. It is the first international literary award of this scope to originate in the United States and is one of the very few international prizes for which poets, novelists, and playwrights are equally eligible.

The Prize itself presently consists of a silver eagle feather, a certificate and $50,000 USD. The award's financial endowment by Walter and Doris Neustadt of Ardmore, Oklahoma ensures the award in perpetuity.

The charter of the Neustadt Prize stipulates that the award be given in recognition of outstanding achievement in poetry, fiction, or drama and that it be conferred solely on the basis of literary merit. Any living author writing in any language is eligible, provided only that at least a representative portion of his or her work is available in English, the language used during the jury deliberations. The prize may serve to crown a lifetime's achievement or to direct attention to an important body of work that is still developing. The prize is not open to application.

Candidates are selected by a jury of at least seven members. Selection is not limited by geographic area, language or genre.

The Neustadt International Prize for Literature is the only international literary award of this scope to originate in the United States. It is also one of few international prizes for which poets, novelists and playwrights alike are equally eligible.