Hugo Award
The Hugo Awards are a set of literary awards given annually for the best science fiction or fantasy works and achievements of the previous year. The awards are named after Hugo Gernsback, the founder of the pioneering science fiction magazine "Amazing Stories", and were officially named the Science Fiction Achievement Awards until 1992. Organized and overseen by the World Science Fiction Society, the awards are given each year at the annual World Science Fiction Convention as the central focus of the event. They were first given in 1953, at the 11th World Science Fiction Convention, and have been awarded every year since 1955. Over the years that the award has been given, the categories presented have changed; currently Hugo Awards are given in more than a dozen categories, and include both written and dramatic works of various types.
World Fantasy Award
The awards have been described by book critics such as "The Guardian" as a "prestigious fantasy prize", and one of the three most prestigious speculative fiction awards, along with the Hugo and Nebula Awards (which cover both fantasy and science fiction). In 2010 multiple winner George R. R. Martin described winning the Hugo, Nebula, and "the prestigious World Fantasy Award" as the "triple crown". Others have also noted the award's prestige in the field, such as Tachyon Publications and 2014 Best Anthology winner Gardner Dozois. Stephen Jones of the "Best New Horror" series has said that winning the anthology award for their first volume in 1991 helped "establish the series among readers and some publishers" in multiple countries. Winners such as Nnedi Okorafor—Best Novel in 2011—have described the award as "one of my greatest honors as a writer". Editor and bookseller Rick Klaw in 2007, however, noted that the consensus at the time "in the bookselling community" was that winning the novel category did not have any effect on sales and did not help keep the book in print, with 57 percent of prior winners out of print, compared to 23 percent of Hugo Award winners from the same time period.