The Booker-winning novel voted the best from the prize's 40-year history is to be honoured with a special award.
Peter Carey won the prize twice, in 1988 and 2001
A panel of judges will choose a shortlist of six books, while the public will determine the final winner.
In 1993 Salman Rushdie's Midnight's Children was named the Booker of Bookers, a title given to celebrate the award's 25th anniversary.
The Best of the Booker Prize winner will be announced at the London Literature Festival in July.
Members of the public will be invited to vote for their favourite novel via the Man Booker website after the shortlist has been made public in May.
Anne Enright's The Gathering won in 2007
The first Booker Prize winner was announced in April 1969 and was awarded to PH Newby's Something To Answer For.
Other high profile winners have included The Sea, The Sea by the late Iris Murdoch in 1978, Schindler's Ark by Thomas Keneally in 1982 and The English Patient by Michael Ondaatje in 1992.
The prize was awarded to two novels in 1974 and 1992.
Novelist and critic Victoria Glendinning, who is on the shortlist selection panel, said the award was "a wonderful opportunity to read, or re-read, some of the best literature in English of the past four decades".
She added that "all readers will enjoy this".
A series of events celebrating the prize will also take place at the London Literary Festival, while a season looking at Booker authors at the movies will be held by the Institute of Contemporary Arts in June.