The Mercury Prize is an annual music award in the United Kingdom that honors the best album released by a British or Irish artist. Established in 1992, it aims to recognize artistic achievement in music, regardless of genre. The prize is awarded based on a shortlist of albums selected by a panel of judges, which includes music industry professionals and critics. Winners of the Mercury Prize receive a trophy and a cash prize, and the award often boosts album sales and artist visibility. Notable past winners include Pulp, Arctic Monkeys, and Sampha, showcasing a diverse range of musical styles and talents.