 At a presentation held annually in the Old Town Hall (Prague), the recipient receives $10,000, a diploma, and a bronze statuette.Each award is often called the "Kafka Prize" or "Kafka Award".The award earned some prestige in the mid 2000s by foreshadowing the Nobel Prize when two of its winners went on to win the Nobel Prize in Literature the same year, Elfriede Jelinek (2004) and Harold Pinter (2005).