« Spanish World Book News

Authors Guide Buyers Through Massive Mexican Book Sale

By Julieta Lionetti

Recently, at the Auditorio Nacional, Mexico City held its sixth annual All Out Book Auction. With 250 publishers, local and foreign, 5,000 titles on offer and more than 100,000 expected visitors, this movable feast organized each year during Easter holidays has turned an ordeal into something to celebrate.

Carlos Monsiváis started the tradition of leading buyers through the aisles

By law, publishers in Mexico have only one way of coping with returns–to destroy them. The Mexican government has a pending problem that makes democracy very frail — only 2% of the population are avid readers. Joining forces to encourage reading could result in benefits for both parties involved and constitute a treat to attract new readers. During the annual auction, books sell with discounts as high as 80% of retail price, and some others are offered below production cost. Publishers get rid of cumbersome stock that costs them money to store in their warehouses, the City Hall promotes reading, and the public enjoys the lowest prices possible, if only for one week.

The auction grounds are visited by well known authors and journalists, who act as guides the the maze of titles and volumes. The program, branded as “Come buy a book with me,” started spontaneously some years ago, when beloved Mexican author Carlos Monsiváis, who was visiting the fair, was asked by a group of people which book he would choose. It quickly became one of the most popular features of the event.

Organizers are expecting even better sales than 2011, when the 226,000 copies sold brought in some US$ 700,000.

This entry was posted in Spanish World Book News and tagged , , , , . Bookmark the permalink. Both comments and trackbacks are currently closed.
  • SIGN UP NOW!
    Enter your email address below to receive daily news updates from Publishing Perspectives.
    Click here to learn more about our newsletters
  • Monetize Your Backlist

    Organized by Publishing Perspectives

    Hear experts from publishing and technology discuss strategies and tools you can use to generate more revenue from your backlist content.

    What: Monetizing the Backlist event
    When: 9am–1pm on April 24, 2014
    Where: Scholastic Headquarters, NYC

    Buy your tickets now!