Could Barack Obama be considered a politician and author of high literary merit after publishing Dreams from my Father and Audacity of Hope. If these two books marked the literary presence of Barack Obama, the Obamas are reportedly earning $65 million deal for their new memoir. While the Obamas will be enjoying an upfront of $65 million largesse from Penguin Random House, a Google click away will return with an embarrassing number of writers and artists who died poor despite their literary glory or are currently battling with poverty.
This is a major landmark for a presidential memoir. The Obamas would be outrunning the figures advanced on Bill and Hilary Clinton altogether in their memoir My Life and Hard Choices respectively which was $36.5 million. If the Obamas’ memoir has the potential to become a genuine classic of high literary merit, then the Random House got their mathematics right and their formula could have advanced a calculation for a sale of more than 40 years after the publication of the book. For if an author could be paid such an upfront amount, it means the Obamas’ book must blaze for a very long time before disappearing into obscurity.
Obama’s rhetoric could have contributed to his talent as a creative. Thus, one’s expectation in his coming memoir is not a mere wandering into his years of administration and boring politician piece. Hence, Random House would be expecting a whooping sale of more than 500,000 copies every year for them to recover the advance millions over a range of years.
In a country like Nigeria, Penguin Random House might have to deal with the headache of piracy. And such a daring advance might be a little mistake for a book that is expecting a vigorous copy reprint from the Alaba Boys in Lagos. That is, if the book is not banned by the new administration.