The rights for Barack and Michelle Obama's memoirs will sell for at least $60 million, according to a report from the Financial Times.
The eventual total price tag will include a book from both the former President and First Lady. The couple plans to write their memoirs separately, but sell the rights of their finished accounts together as a package, according to the Financial Times report.
Penguin Random House, who published former President Obama's three other books, reportedly leads the chase, but HarperCollins, Simon & Schuster and Macmillan are also in the hunt, according to the Financial Times.
The bid would shatter the previous record for a presidential memoir, which is held by Bill Clinton. His account sold for $15 million upon the completion of his presidency back in 2000.
Source : Time.com