This article investigates how literary prizes shape perceptions of value in literature, suggesting market-driven influences on artistic worth.
Literature and literary texts tell their own story about how value is produced, awarded, and institutionalized. This article examines the classic narrative of becoming an award‐winning author, when the focus shifts from the sociology of cultural prizes to poetic strategies that playfully expose the exhaustive list of market‐driven considerations and brand‐building tactics. Central to this discussion are two case studies. First, Percival Everett's satire of the literary establishment, which recounts the scandalous story of how a parody unexpectedly became worthy of the nation's most prestigious book award. In contrast, the second is the extraordinary publication history of Solvej Balle's On the Calculation of Volume (I–III), which subjects all aspects of value, valuation, and value creation to self‐reflection. Both cases raise uncomfortable questions about reading, the relationship between literature and the market, and the intersection of art and politics. Ultimately, they challenge the assumption that literary prizes are true signifiers of literary value.
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Irina Hron (2025) studied this question.
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