Mercury Prize £25,000. The winner also receives an additional winner's trophy. To date, PJ Harvey is the only artist to have won the award on more than one occasion (in 2001 and 2011). She was also the first female solo artist to receive the award. Alex Turner has received five nominations as a member of Arctic Monkeys and The Last Shadow Puppets, winning once. Thom Yorke has 6 nominations, 5 with Radiohead and one for "The Eraser", but has never won. The Mercury Prize can have a considerable effect on sales for those artists who are shortlisted. Elbow saw a 700% sales
Shortlist Music Prize the previous 12 months are picked before being narrowed down to the eponymous Shortlist, from which a winner is chosen. Since 2003, a gold statuette, nicknamed "The Shorty", has been given out in conjunction with the cash prize. In 2005, the Shortlist Music Prize was renamed the "New Pantheon" award for a year following a dispute between the prize's founders. No nominees or winners have been announced since the presentation of the 2007 award. Modeled on the British Mercury Prize, the Shortlist Music Prize was conceived to honor "the most adventurous and creative albums of the year across all genres