Nobel Prize in Literature Olsson. In 1964, Jean-Paul Sartre was awarded the Nobel Prize in Literature, but he wrote declining it, stating that "It is not the same thing if I sign Jean-Paul Sartre or if I sign Jean-Paul Sartre, Nobel Prize laureate. A writer must refuse to allow himself to be transformed into an institution, even if it takes place in the most honorable form." Nevertheless he was awarded the prize. Soviet dissident writer Aleksandr Solzhenitsyn, the 1970 prize laureate, did not attend the Nobel Prize ceremony in Stockholm for fear that the USSR would prevent his return afterwards (his works there were
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