Agassi’s ‘obscene’ advance
Girl Friday at The Friday Project squirms over the latest news on the front of publishers’ advances:
Over $4 million for a book by a man whose personal fortune stands at around $162 million. Good God, like he needs the money. Maybe all of this obscene advance will go to his Preparatory Academy but my real question is Publishers! What are you thinking? How many copies of the book will you have to sell to come even close to earning that astronomical advance back? How many new authors could you have taken on, nurtured and made into successful writers at just a fraction of that cost?
Thanks to Paul for this one.