Claire Kelley investigates:
Well, so far in 2012 there’s been the case of the celebrity memoir (Cissy Houston, Whitney’s mother), the notorious inside story (Amanda Knox), and the dramatic newsmaker (Greg Smith, the guy who quit working at Goldman Sachs with his infamous op-ed). With fiction, it gets slightly more complicated. Of course, there’s typically a bidding war for a follow up novel after a major bestselling success. Matthew Pearl’s move to Penguin Press for his next historical thriller called The Bookaneer and Neil Gaiman’s recent deal for five children’s books fall into that category. But the most romantic seven-figure book deals—what Publishers Marketplace calls a “major deal” in their insider publisher code to indicate the amount of money involved—are debut novels.
On a similar subject, Tim Parks wonders whether a lot of money makes for a better writer:
Asked to write blogs for other sites, some with much larger audiences, I chose to stay with the New York Review, partly out of an old loyalty and partly because they pay me better. Would I write worse if I wrote for a more popular site for less money? Or would I write better because I was excited by the larger number of people following the site? And would this larger public then lead to my making more money some other way, say, when I sold a book to an American publisher? And if that book did make more money further down the line, having used the blog as a loss leader, does that mean the next book would be better written?
(Photo: "St. Florian, Austria, Abbey Library" by Christopher Seelbach from his series of elaborate libraries.)
The Dish 