My view on this is pretty simple: if you're a good agent, maybe once every couple of years you find something brilliant and commercial in the slush pile and you sell it for a silly large advance and something around $15,000 comes your way from the advance. THAT is your reading fee. If you don't trust your literary instincts enough to make that gamble, maybe you shouldn't be an agent. And if you don't want to read slush you can hire an assistant, or you can close your agency to new clients.
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Date: 2010-07-01 12:35 pm (UTC)