Estimates of Queen's total worldwide record sales to date have been set as high as 300 million. In the United Kingdom, Queen have now spent more collective weeks on the UK Album Charts than any other musical act (including the Beatles), and Queen's Greatest Hits is the best-selling album of all time in the United Kingdom. Two of Mercury's songs, "We Are the Champions" and "Bohemian Rhapsody", have also each been voted as the greatest song of all time in major polls by Sony Ericsson and Guinness World Records. Both songs have been inducted into the Grammy Hall of Fame; "Bohemian Rhapsody" in 2004 and "We Are the Champions" in 2009. In October 2007 the video for "Bohemian Rhapsody" was voted the greatest of all time by readers of Q magazine.
Since his death, Queen were inducted into the Rock and Roll Hall of Fame in 2001, and all four band members were inducted into the Songwriters Hall of Fame in 2003. Their Rock Hall of Fame citation reads, “in the golden era of glam rock and gorgeously hyper-produced theatrical extravaganzas that defined one branch of '70s rock, no group came close in either concept or execution to Queen.” The band were among the inaugural inductees into the UK Music Hall of Fame in 2004. They received the Ivor Novello Award for Outstanding Song Collection from the British Academy of Songwriters, Composers, and Authors in 2005, and in 2018 they were presented the Grammy Lifetime Achievement Award.