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Book publishers are in a bidding war for the rights to books by former President Barack Obama and first lady Michelle Obama.

Bidding has surpassed $60 million, more than four times what the second-highest president’s book rights were auctioned off at, according to a report published Tuesday.

Penguin Random House, HarperCollins, Simon & Schuster and Macmillan are in a bidding war for the Obamas’ next books, which they are writing separately, but selling the rights collectively, according to Business Insider. Penguin Random House has published three of the former president’s previous books.

Former President Bill Clinton’s book rights went for $15 million, the current record. George W. Bush sold his rights for $10 million following his two terms in office.

In early February, the Democratic power couple signed with the Manhattan-based Harry Walker Agency.

“President Barack Obama and Mrs. Obama have selected the Harry Walker Agency (HWA) to coordinate their respective speaking engagements. In addition, attorneys Robert Barnett and Deneen Howell will manage contract-negotiations with potential publishers for the former president and Mrs. Obama’s respective books,” a statement from spokesperson Kevin Lewis said.


The agency also represents former Secretary of State Hillary Clinton and former President Bill Clinton, as well as a number of Republicans no longer in the political world, including former House Speaker John Boehner and former Vice President Dick Cheney.



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