Literary trash can be worth a lot of money. Norman Mailer sold 1,062 boxes of his papers for $2.5 million in 2005 and Bob Woodward and Carl Bernstein sold 83 Watergate boxes for $5 million – both collections were purchased by the Ransom Center at the University of Texas in Austin. Did you know that Salman Rushdie sold 200 boxes to Emory University for an undisclosed amount? Or that poet Wendy Cope sold 40,000 e-mails to the British Library for $50,000?
Read more about the literary archives market is this Wall Street Journal article, published last week (January 2, 2013.)
What do you think about writers selling their archives?