The bidding war over a book deal with Barack and Michelle Obama has skyrocketed to more than $60 million, reports The Financial Times.
The Obamas are writing separate books but selling the rights jointly.
Penguin Random House, HarperCollins and Simon & Schuster are all participating in the bidding war.
According to FT, Penguin Random House, paid $15m for the rights to Bill Clinton’s 2004 memoirs My Life when he left the White House, while George W Bush made an estimated $10m from his book Decision Points, which was published by Crown.
The money supply has climbed from $4.9 trillion when Clinton left office to the present $13,3 trillion, which is certainly helping a lot in the record bidding war.