It is one of the five Nobel Prizes established by the 1895 will of Alfred Nobel, which are awarded for outstanding contributions in chemistry, physics, literature, peace, and physiology or medicine. As dictated by Nobel's will, the award is administered by the Nobel Foundation and awarded by the Swedish Academy. The first Nobel Prize in Literature was awarded in 1901 to Sully Prudhomme of France.
It is one of the five prestigious awards created by Alfred Nobel's 1895 will, honoring remarkable accomplishments in chemistry, physics, literature, peace, and medicine. In line with Nobel's instructions, the award is managed by the Nobel Foundation and presented by the Swedish Academy. The first Literature Prize was awarded to Sully Prudhomme of France in 1901.