Nobel Prize in Literature Scandinavian lecture tour suggesting that Hammarskjöld was, like Auden, homosexual. In 1962, John Steinbeck received the Nobel Prize for Literature. The selection was heavily criticized, and described as "one of the Academy's biggest mistakes" in one Swedish newspaper. "The New York Times" asked why the Nobel committee gave the award to an author whose "limited talent is, in his best books, watered down by tenth-rate philosophising", adding, "we think it interesting that the laurel was not awarded to a writer ... whose significance, influence and sheer body of work had already made a more profound impression on the literature of
Nobel Prize in Literature and a sum of money. The amount of money awarded depends on the income of the Nobel Foundation that year. If a prize is awarded to more than one laureate, the money is either split evenly among them or, for three laureates, it may be divided into a half and two quarters. If a prize is awarded jointly to two or more laureates, the money is split among them. The prize money of the Nobel Prize has been fluctuating since its inauguration but it stood at (about ), previously it was . This was not the first time the prize-amount