Thomas Wolfe of an immense exuberance, organic in its form, kinetic, and drenched with the love of life... I rejoice over Mr. Wolfe." Both in his 1930 Nobel Prize for Literature acceptance speech and original press conference announcement, Sinclair Lewis, the first American to win the Nobel Prize for literature, said of Wolfe, "He may have a chance to be the greatest American writer... In fact I don't see why he should not be one of the greatest world writers." Upon publication of his second novel, "Of Time and the River", most reviewers and the public remained supportive, though some critics found
Nobel Prize in Literature was decreased—beginning with a nominal value of in 1901 (worth 8,123,951 in 2011 SEK) the nominal value has been as low as (2,370,660 in 2011 SEK) in 1945—but it has been uphill or stable since then, peaking at an SEK-2011 value of 11,659,016 in 2001. The laureate is also invited to give a lecture during "Nobel Week" in Stockholm; the highlight is the prize-giving ceremony and banquet on 10 December. It is the richest literary prize in the world by a large margin. The Nobel Prize medals, minted by Myntverket in Sweden and the Mint of Norway since 1902, are