Irish writer John Banville was last night named the winner of the £50,000 Man Booker Prize for Fiction. His novel 'The Sea' beat off strong competition to win the coveted literary prize. The Man Booker Prize was established in 1969 and is open to citizens of the British Commonwealth and the Republic of Ireland. Over the years it has evolved into one of the most prestigious prizes in the literary world, due largely to the integrity of its judging process. Success in the Booker Prize, both for the winners and the runners-up, has ensured large increases in book sales. According to The Guardian newspaper, the titles featured in the 2005 Man Booker Prize should earn an extra £600,000 to £1.8m for the six shortlisted titles. That article also says that by the beginning of October, the six shortlisted books had sold an extra 17,000 copies between them. In previous years, several winning and shortlisted books have subsequently been adapted into feature films, including The English Patient, Remains of the Day and Schindler's List (based on 1992 Booker Prize winner Thomas Keneally's 'Schindler's Ark). A full list of Booker Prize winners can be found on the SuccessRewarded.com web site.