Fermat's Last Theorem - Monetary Prizes

Monetary Prizes

In 1816 and again in 1850, the French Academy of Sciences offered a prize for a general proof of Fermat's Last Theorem. In 1857, the Academy awarded 3000 francs and a gold medal to Kummer for his research on ideal numbers, although he had not submitted an entry for the prize. Another prize was offered in 1883 by the Academy of Brussels.

In 1908, the German industrialist and amateur mathematician Paul Wolfskehl bequeathed 100,000 marks to the Göttingen Academy of Sciences to be offered as a prize for a complete proof of Fermat's Last Theorem. On 27 June 1908, the Academy published nine rules for awarding the prize. Among other things, these rules required that the proof be published in a peer-reviewed journal; the prize would not be awarded until two years after the publication; and that no prize would be given after 13 September 2007, roughly a century after the competition was begun. Wiles collected the Wolfskehl prize money, then worth $50,000, on 27 June 1997.

Prior to Wiles' proof, thousands of incorrect proofs were submitted to the Wolfskehl committee, amounting to roughly 10 feet (3 meters) of correspondence. In the first year alone (1907–1908), 621 attempted proofs were submitted, although by the 1970s, the rate of submission had decreased to roughly 3–4 attempted proofs per month. According to F. Schlichting, a Wolfskehl reviewer, most of the proofs were based on elementary methods taught in schools, and often submitted by "people with a technical education but a failed career". In the words of mathematical historian Howard Eves, "Fermat's Last Theorem has the peculiar distinction of being the mathematical problem for which the greatest number of incorrect proofs have been published."