In the Penguin Random house antitrust trial, agents testified about what happens after the submission process: receiving offers, sometimes in heated auctions for top dollar. Here, we’ve compiled their thoughts on pre-empts and auctions. Ayesha Pande at Ayesha Pande Literary said that her methodology to sell a book “depends on how many editors at different publishing houses have expressed interest. The preferred scenario is if there are several interested publishers so that I can move toward a competitive closing. If there’s just interest from one publisher, then I have to try and negotiate in good faith with that publisher.” Pre-empts […]
