T. S. Eliot Prize Eliot Estate. The T S Eliot Foundation took over the running of the T S Eliot Prize in 2016, appointing Chris Holifield, formerly director of the Poetry Book Society as its new director, when the former Poetry Book Society charity had to be wound up, with its book club and company name taken over by book sales agency Inpress Ltd in Newcastle. At present, the prize money is £20,000, with each of nine runners-up receiving £1500 each, making it the United Kingdom's most valuable annual poetry competition. The Prize has been called "the most coveted award in poetry". The shortlist
T. S. Eliot [Eliot] invented, let alone how much of it is a reaction against him or indeed a consequence of misreading him. He is a very penetrating influence, perhaps not unlike the east wind." In his critical essay "Tradition and the Individual Talent", Eliot argues that art must be understood not in a vacuum, but in the context of previous pieces of art. "In a peculiar sense [an artist or poet] ... must inevitably be judged by the standards of the past." This essay was an important influence over the New Criticism by introducing the idea that the value of a work