But, as retailers everywhere are feeling the pain of the "recession", booksellers are worried about the effect of tighter pocketbooks on their sales. The New York Times reports:
Christy Fletcher, a literary agent in Manhattan, said royalty advances for so-called midlist authors could come under pressure. “Something may sell for $50,000 that would have sold for $100,000 a year ago,” she said.
Publishers continue to plan for blockbuster sales of marquee-brand books. Free Press, an imprint of Simon & Schuster, for example, has shipped 1.25 million copies of “You: Being Beautiful — The Owner’s Manual to Inner and Outer Beauty,” Michael F. Roizen and Mehmet C. Oz’s next book in their best-selling series of advice titles, which goes on sale on Tuesday. HarperCollins has shipped more than 300,000 copies of “The Hour I First Believed,” the new novel by Wally Lamb. (In March that publisher had announced a first-print run of half a million, though these numbers tend to be exaggerated.)
One silver lining of the downturn: Because many books are not selling as well as they might have in a better economy, it does not take nearly as many copies to have bragging rights about being a best seller.