How literary agent Scott Meredith invented the modern book auction

Circulating libraries helped the novel's popularity surge

As literacy rates began to rise in the 19th century, so did the demand for reading materials. The only problem? Newspapers and books weren’t cheap, and newly literate middle-class families struggled to afford literature. That changed when booksellers began offering small fees for patrons who decided to borrow rather than purchase books. This was eventually called a circulating library, an innovation that would satisfy the burgeoning readership of novels and increase literacy rates further.

Inside 'Blood Meridian' author Cormac McCarthy's library of 20,000 books

The reclusive writer published 12 novels and taught himself stonemasonry and quantum physics, among myriad other skills and subjects. Since he died in 2023, scholars have been mining his personal library for lessons on his influences, interests, and more.

Court documents reveal how Anthropic destroyed millions of books to build its AI models

Anthropic cut the bindings from purchased books and discarded them after scanning to rapidly collect high-quality text at low cost for training Claude. This, despite hiring the former head of partnerships for the Google Books project, which nondestructively scanned millions of books borrowed from libraries before returning them.

‘The Kandy-Kolored Tangerine-Flake Streamline Baby’ was a letter to an editor

Wolfe pitched a story about custom-made cars to Esquire with a satirical angle. While struggling to actually put the piece together, he explained to the editor what he wanted it to be. The editor published the letter as is, removing the greeting. The seminal article became a book of essays.

The strange, unsolved story of Filippo Bernardini and the stolen book manuscripts

Over the last five years, a mysterious figure has been stealing manuscripts, often unpublished, from individuals and organizations in the publishing industry across three continents. The scammer, later identified as Filippo Bernardini, was an...

The 'Howl' obscenity trial changed American publishing

The "Howl" obscenity trial is one of the most significant in American publishing, affirming that material with the "slightest redeeming social importance" cannot be considered "obscene." In the process, it permits artists, like Allen Ginsberg, to use the language they see fit to express themselves.

Innovative novelist Don DeLillo wrote an erotic hockey novel under a pseudonym

The acclaimed writer—known for books like "White Noise" and "Underworld"—published "Amazons" in 1980 under the pen name Cleo Birdwell. The story claimed to be a memoir, written by a woman who secretly joined an NHL team. The ruse went beyond the text, too, with a female model posing as Birdwell for promotional events.

In 1974, Norman Mailer touted graffiti as an intellectual art form

The Pulitzer Prize winner explored the style in his 1974 Esquire essay, "The Faith of Graffiti," before expanding on it in a book with 81 photos by Jon Naar. In it, he traces the form back to its ancient roots and compares graffiti writers to Renaissance painters.

Before he was a famous novelist, John Steinbeck wrote a werewolf murder mystery.

James Frey's 'A Million Little Pieces' was marketed as memoir but revealed as fiction

The addiction book became a huge success after being added to Oprah Winfrey's book club. After it was revealed to be fiction in 2005, Oprah invited Frey on her show and criticized him for deceiving her and his readers.

Why country singer Zach Bryan purchased the original 'On the Road' manuscript

The superstar paid $12.1M for the original draft of Kerouac's novel, which was written on a 120-foot typescript scroll so the text could be read without stopping. Bryan recently purchased a church in Kerouac's hometown of Lowell, Massachusetts, with plans to turn it into the Jack Kerouac Center. The scroll will likely be housed there.

Read JK Rowling's original 'Harry Potter' pitch that a dozen publishers rejected

Rowling claims 12 publishing houses rejected the pitch first written in 1995—which contained this letter and the story's first few chapters—before Bloomsbury accepted it.

How 'Star Wars' changed science fiction

The popularity of "Star Wars" shifted the market away from the more literary, and sometimes cynical, science fiction of the 1960s and '70s. In the wake of George Lucas' space opera, publishers and studios wanted similarly optimistic adventure stories. In time, though, writers like William Gibson would react against that and, in turn, create the "cyber punk" subgenre.

'Fahrenheit 451' is a perennially banned dystopian story

This late-in-life interview with Ray Bradbury, author of “Fahrenheit 451,” details the book’s origins, providing background for one of the most popular titles in dystopian literature. As a book lover, Bradbury was horrified by the book burnings of Nazi Germany and imagined a version of the United States where firemen were censors, protecting their fellow citizens from literature’s harmful ideas. “We are a democracy of readers,” Bradbury explains. “And we should keep it that way.”

Catching up with hobby icon Sy Berger

In 1952 baseball card company Topps printed two series of cards. The first series sold well, but the late-season series, numbered 311-407 and included Mickey Mantle, didn’t. Read the first-hand account of how Topps couldn't’ even give the late-season series cards away and dumped an estimated 500 cases into the Atlantic Ocean in 1959. Decades later, it created a scarcity that drove the price of that Mantle card to $12.6 million.

Five books edited by Toni Morrison

Early in her literary career, Toni Morrison was an editor for Random House, where she acquired titles and worked with their writers to fine-tune their manuscripts. In 1983, Morrison left to focus on her own books, but she still managed to work on several excellent books. This list of five of those titles helpfully offers some context to highlight the ways Morrison acquired and assisted the writers through publication.

A sample of quirky medieval era-book titles

The medieval book publishing industry wasn't quite so robust as our modern era's, but the mystical and satirical tomes coming out at that time still needed a name. Peruse this list of some of the quirkier of those titles, which reflects the era's literalness, theological interest, and downright silliness.

How 'Nevermind' realigned the music industry

Nirvana's breakout album inspired other major labels to hunt for similarly loud, countercultural bands. That led to a fascinating period in popular music that found defiantly anticommercial indie acts like the Melvins, the Butthole Surfers, and Ween (among many, many others) suddenly offered lucrative contracts.

Book building is widely considered the most efficient way to price securities

During the book-building process, bankers determine an IPO’s price per share, requesting bids from fund managers and other institutional investors for the number of shares they want and how much they’d be willing to pay for them.

Cyrus McCormick invented the mechanical reaper—and a territory-based sales force

In the 1830s, farmers were skeptical of new technology, so McCormick demonstrated the machine—described as a cross between a plow, a chariot, and a flying object—to prospective buyers. Long before modern sales norms existed, he divided the market into territories operated by agents who provided service on the machines, financing to expand the customer base, and product iteration based on feedback from regional agents.

Blake's 'illuminated manuscripts' blended poetry and painting

Blake's poetry was often accompanied by the author's complementary illustrations. They’re masterful works of art, pieces that were unlike anything else in Blake’s time—or in ours. Thankfully, The William Blake Archive has scanned all of the original manuscripts, allowing you to see the majestic books in their entirety.

Steven Spielberg purchased Oscars won by Clark Gable and Bette Davis and donated them back to the Academy

Since 1951, all Oscar statuettes have been awarded with a caveat—if the recipient wants to sell their Oscar, they have to first offer it back to the Academy for the price of $1. As a result, there's now a black market for the golden knights. Some buyers are anonymous movie buffs, but some are the stars themselves.

Mid-century modern graphic designers, known for their bright colors and bold lines in advertising, also found success with children's books.

One of Apple's first computers sold for $375K at an auction

An operational Apple I, the first model of personal computer made by Apple, sold for $375K at an auction. The machine was first sold in 1976 and has a handwritten serial number by Steve Jobs himself. The auction, provided rare insight into the beginnings of the influential tech company.

Nature simultaneously published three papers on DNA—only the first made history

Papers by Watson and Crick, Wilkins, and Franklin were fast-tracked without peer review, and their order was arranged between lab heads and editors. Franklin's appeared last, making her paper read as though supporting Watson and Crick—because they'd already incorporated her data before it was published.

David Ogilvy’s brother helped get him into the advertising business

Ogilvy sent a copy of his stove sales manual, "The Theory and Practice of Selling the AGA Cooker" (which Fortune magazine later called "probably the best sales manual ever written”) to his brother, who was working at London ad agency Mather & Crowther at the time.

Exploring the Larry Bird punch that almost changed March Madness

Famed poet TS Eliot rejected the manuscript for George Orwell's political fable 'Animal Farm,' writing that its criticism of authoritarianism was not 'the right point of view.'

A vending machine run with Anthropic's AI went out of business after it was convinced to give away items for free and sell a video game console.

'Saturday Night Fever,' the 1977 film that introduced disco to the mainstream, was based on a fabricated magazine story.

Explore a list of the 100 best novels of all time, compiled by some of the world's best living writers, including Salman Rushdie, Stephen King, and Jennifer Egan.

Frank Lloyd Wright's houses are historically hard to sell because they're old, subject to local landmark commissions, and often unfashionable

The first robot in literature may have been a 'mechanical man' in 1907's 'Ozma of Oz,' a book in L Frank Baum's 'Wizard of Oz' series.

The Beatles' US label rejected the band's first two singles, 'Please Please Me' and 'From Me to You,' with one executive calling the band 'dead in the water.'

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

The 1987 Nintendo video game 'Stadium Events' isn't known for being particularly fun, but its scarcity has made it a highly sought-after item that has sold for up to $35K at auction.

Mark Twain spent decades feuding with the US Postal Service, convinced its costs and regulations were bureaucratic overreach.

How the most famous Ebola book, The Hot Zone, which sold 3.5 million copies and was translated into 30 languages, got aspects of the disease so wrong.

Netflix profits when you're not watching, and its movies are designed that way—read a detail-rich critical essay exposing lesser-known Netflix takes

Sears sold DIY house kits starting at $600 in its famous catalog from 1908 through the 1940s, resulting in roughly 10,000 'Sears and Roebuck houses' being built.

When a Paris department store hesitated to sell Estée Lauder's perfume, she 'accidentally' broke a bottle, causing the smell to spread throughout the store and shoppers to start asking to buy the scent.

Before writing 'Walden,' transcendentalist Henry David Thoreau nearly burned down his hometown with a campfire that grew out of control.

A researcher recently discovered an interview from 1967 between groundbreaking journalist Joan Didion and the Grateful Dead, years before the band became an institution.

Art theft is the third-largest source of criminal revenues worldwide, thanks in part to the subjective nature of valuing a work of art.

The Dracula character, now seen as the vampire archetype, was inspired by a seafood-induced nightmare its creator experienced.

Against his wishes, Albert Einstein's brain was removed before his cremation, and the pathologist responsible stored it for decades in mason jars within a beer cooler.

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

20,000 letters to the advice columnist 'Dear Abby' provide insight into prevailing sex, religion, and LGBTQ fears, anxieties, and concerns from the 1950s onward.

An initial public offering or 'IPO' is the process of a private company becoming public by putting shares of the company on the stock market for purchase.

For centuries, it was common to sleep in two shifts: a few hours at the beginning of the night, and a longer period beginning around midnight