When Hillary Clinton signed her second book deal in 2000 for "Living History," she got an $8 million advance from Simon & Schuster. When she recently announced she would be writing a third memoir, speculation began flying about how large that advance will be.
At the time of "Living History," the New York Times speculated it was the second-largest advance in history, edged out by $8.5 million to Pope John Paul II in 1994 for his memoir.
"Yes, I will write a memoir," Clinton told her audience in an online town hall interview. "I don't know what I'll say in it yet."
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Whatever she writes, it will be a book so highly-anticipated that its significance could only be matched, if "Steve Jobs came back from the dead,"
BuzzFeed reported.
Even though Hillary's publishing future is uncertain, publishers will still clamor in a "historic bidding war" for her book, according to Jason Boog, the editor of Mediabistro's blog GalleyCat.
While some speculate Clinton's book would seal her legacy and position herself politically for what's to come, editors might be hoping to hear about her bitter primary race against Barack Obama in 2008.
Publishing insiders estimate the advance for her third book could be as high as $14 million. Bill Clinton received a $15 million advance for his 2004 autobiography. However, because the publishing industry is shifting from books to digital e-books, it is unlikely Hillary will receive that sum. However, the advance will still be substantial, Jessica Case, senior editor at Pegasus Books, told BuzzFeed.
"Hillary is much more popular now than she ever was, and that will drive the advance up," Case said. "If Lena Dunham got $3.7 million, then Hillary should expect at least that. With all the rumors flying around about her 2016 campaign, she can expect something like $5 million from one of the big corporate houses. People can still throw money around."
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Another publishing insider, Ryan Harbage, of Fischer-Harbage Agency, told BuzzFeed $14 million was actually a safe bet, if Clinton could "hold nothing back" in the book.
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