Carolyn has a post up today (or yesterday, depending on where in the world you are) with a link to an article from the Wall Street Journal that made both our heads blow off. In essence, authors of literary fiction whine that nowadays they get a “pittance” in advances compared to the $50-100,000 (for debut authors!!!) they used to get in the good old days. $100,000 for a book with a print run of 10,000 copies. $100,000 for a book with a print run of 10,000 copies!!!!!
$100,000 <=> 10,000 copies.
$100,000 for a book that will never sell out is print run and will never EVER make a profit for the publisher.
So who’s making a profit for the publishers and enables them to publish literary fiction? The stupid authors of commercial fiction. Whose works are frowned upon by the literary establishment. Because it’s not, you know, proper literature.