First, there was Mohsin Hamid, a Pakistani in the US and an investment banker by profession, who hit the jackpot with his Moth Smoke.
Then, there was this news about Kaavya Viswanathan (discussed in a previous post) who is on her way at Harvard to become an investment banker. She has just received $500,000 advance for her Opal Mehta novels.
Now I hear about Lavanya Sankaran who is also an investment banker. Her novel The Red Carpet is releasing today. Nine publishers auctioned hotly for her book, finally ending in a ‘‘substantial six-figure advance’’ won by Susan Kamil of Dial Press, an imprint of Random House. The UK rights were bought by Headline Review, which is also distributing it in India.
What do you say to this? Money attracts/begets money?
Meanwhile, I read the cautionary tale of Keith, a thriller writer, on THE TROUBLE WITH BIG ADVANCES. Quite an instructive read.
Tailpiece: The Outlook reports that Vikram Seth's much awaited WW II saga will come out end of the year. Avid readers will have to wait! "The jacket is ready, the announcement has been made, but the book is not yet ready," Seth confessed recently in Delhi.