Elmore Leonard: Dying Improves Book Sales

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Supposedly the works of many great painters do not reach their peak value until the artists are dead. In the case of Elmore Leonard, who sold millions of books when he was alive, a related phenomenon is true. Promotions for his books are everywhere. Sales of the more than 40 books he wrote almost certainly will skyrocket.

The first evidence that retailers and publisher will cash in on Leonard’s death is the front page at Amazon.com Inc.’s (NASDAQ: AMZN) book section. Under “More to explore” is the first promotion:

Award-winning author Elmore Leonard has died. His books–more than 40 in all–include Get Shorty, Out of Sight, and the Raylan Givens stories that inspired the television series Justified. He was 87.

The “40 books” phrase is linked to another page that allows people to buy all of Leonard’s books online. Members of the Amazon Prime program get a big discount on most titles. People who want to read the novels on their Kindles get a break on price as well.

Barnes & Noble Inc. (NYSE: BKS) does not want to be topped in the Elmore Leonard sweepstakes. It lists 428 “products” when the author’s works are searched. The troubled retailer also has special prices. In Barnes & Noble’s case, it is for e-books to read on its nearly dead Nook e-reader.

Even a Google Inc. (NASDAQ: GOOG) search of “Elmore Leonard books” brings back results that allow searchers to buy his work. At the top of the Google search results page are pictures of the covers of Leonard’s novels. From each of these pictures is a link to buy that book at Amazon.com.

Finally, at ElmoreLeonard.com is an entire section devoted to the writer’s works. This section reads:

By buying your Elmore Leonard books and any other Amazon product through this store, you are supporting elmoreleonard.com and insuring it’s continued success and development. Click on the Amazon link to go to Amazon.Com. As long as you start at the Bookstore, We get a percentage of every item sold.

A “percentage of every item sold” makes him like most authors. Art for art’s sake, but some amount of money to live (or die) on as well.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618