The SF Masterworks are not so much an award but a collection of some of the most important science fiction literature published in the last 70 years with the aim of keeping such works in print.
These novels have been chosen by leading SF writers, editors and the MD of Orion Books. The series is currently published by Gollancz and in 2010 was "relaunched" with new titles added and the first 10 re-published (with plans to re-publish others), those republished are noted with a *.
In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move.