The Best

This is about the list of best films and novels.

This page contains the list of best world cinema from various perspective.
http://en.wikipedia.org/wiki/Films_considered_the_greatest_ever

American Film Institutes (AFI) listed top 100 cinemas ever produced by Hollywood (American films). The first list has been published in 1998 and and 10th anniversary edition came in 2008
http://en.wikipedia.org/wiki/AFI%27s_100_Years..._100_Movies_%2810th_Anniversary_Edition%29

Another list from AFI - top 10 in 10 genre
http://en.wikipedia.org/wiki/AFI%27s_10_Top_10

Now books...

Modern Library published the list of 100 best novels and another list of 100 best non-fiction. That can be found here - http://www.randomhouse.com/modernlibrary/100bestnovels.html and http://www.randomhouse.com/modernlibrary/100bestnonfiction.html
A consolidated info about Modern Library and the list above mentioned can be found here - http://en.wikipedia.org/wiki/Modern_Library

Another page in wikipedia that is interesting is the list of best selling books where in Bible tops the one - http://en.wikipedia.org/wiki/List_of_best-selling_books