In 1941, the Brazilian Academy of Letters founded in his honor the Prêmio Machado de Assis (Machado de Assis Award), the most prestigious literary award in Brazil.
Pada 1941, Akademi Sastra Brasil membentuk Prêmio Machado de Assis (Penghargaan Machado de Assis), sebuah penghargaan sastra paling prestisius di Brasil.