Going once! going twice! Sold the Snarkolicious Editor with the bag of cash!
Can you let us in on how you orchestrate a book for auction. How do you determine which of your author's books will go to auction and which ones won't. Why not auction ALL of them?
The very concept of auction requires demand exceed supply. In case you're wondering, agents have a lot more supply than demand. Thus, auction isn't ever going to be the norm.
That said, sometimes you get a project that is clearly going to be Big (that's the way you decide) - like President Clinton's memoirs; Mr. Clooney's book of love poems dedicated to his heartthrob Miss Snark; a really good first novel an established agent with a history of hits says is "it". Those go to auction.
When Miss Snark auctions a book, she fasts for three days and runs twice around the reservoir to get her game face on. Then she calls the editors and gives her pitch, and the deadline. Then she runs around the reservoir two more times, and eats a box of Mallomars so that when she throws up from anxiety she'll have a ready made excuse.
Then the phone calls come in, and the bidding starts. After that it's anyone guess but usually a deal is signed.
Then Miss Snark reverts to her customary sloth and goes back to blogging.
and just to be cruuuuuuel, the Snarkling pops back into the comment post to ask:
Has Miss Snark ever gotten everyone assembled for an auction and been rudely disappointed by the bids??? What does she tell the author, in that case?
Drinks on the house.
It happens. It's not pretty. We try to not have it happen. We try VERY hard.