The Prix Goncourt is a prestigious French literary award established in 1903. It is awarded annually to the author of the best and most imaginative prose work published in the French language. The prize is named after the Goncourt brothers, Edmond and Jules Goncourt, who were writers and established the award in their will. The award is presented by the Académie Goncourt, a group of literary figures, and is often seen as a significant honor in the literary world. Winning the Prix Goncourt can greatly increase an author's visibility and sales, making it a highly sought-after accolade in French literature.