11 September 2011 Last updated at 04:01 ET

Venice Golden Lion for Alexander Sokurov's Faust

Sokurov appealed for governments to continue funding the arts

Russian director Alexander Sokurov's take on the German legend Faust has won the film a Golden Lion - the top award at the Venice Film Festival.

The classic tale explores the corrupting nature of power as scholar Faust sells his soul to the devil.

German-born Irish actor Michael Fassbender was named best actor for playing a sex addict in British director Steve McQueen's Shame.

The best actress award went to Hong Kong's Deanie Yip in A Simple Life.

Best actor

Fassbender, 34, previously worked with McQueen in the filmmaker's Bafta-winning debut feature Hunger, playing jailed IRA hunger striker Bobby Sands.

Fassbender recently starred in X-Men: First Class

Accepting his acting honour, he said: "It's just really nice when you take chance and you do something that you think is relevant - you hope is relevant - and people respond the way they did."

Fassbender also starred in another Venice competition film - David Cronenberg's A Dangerous Method - in which he plays psychoanalyst Carl Jung.

The film will show at the London Film Festival next month.

Golden Lion winner Faust was praised by US director Darren Aronofsky - head of the Venice jury - who presented the award.

He said: "There are some films that make you cry, there are some films that make you laugh, there are some films that change you forever after you see them; and this is one of them."

At a news conference following the award ceremony, Sokurov appealed for governments to continue funding the arts.

"Culture is not a luxury! It is the basis for the development of the society," he said.