Yesterday was day 2 of the New York Independent and Small Press Book Fair, much more sparsely attended than the first day, probably because of the snow. The first panel I attended was an agent talking about how to pitch agents, whose tone I found extremely condescending and when she said "Remember the golden rule: show don't tell" I realized I wasn't in 8th grade anymore and left the room. However, later I conferred with my friend Jon who was in attendance and he said "Did you hear the questions being asked at the end? Condescending might have been the right way to go with these people." The second panel that I attended was on self-publishing, which I think was about summed up by from Booksurge (one of only two panelists) who citing some frighting statistics about how 70% of all books published don't earn out their advance and then said "Self publishing is more about a passion about your book than about making money." Fair enough. Of course, you can make money self-publishing, and he cited some counter-examples, but that's not the expected result.
One thing I noticed on both days of the fair was that, judging by the questions being asked, a lot of would-be authors, especially older ones, find themselves increasingly bewildered by the Internet. I feel for these people; Lauren at the publicity panel yesterday talked about how the most effective form of publicity is done online, and that more and more of book coverage is going on online, and the self-publishing panelists talked about how self-publishing didn't really exist before the Internet (which is not strictly true, as James Joyce and Walt Whitman knew, but it's true that there has been an explosion in self-publishing because of the Internet and that the Internet is today the primary distribution method for self-published books). It must be very confusing to people who spent most of their lives without the Internet to try and cast their lot in a world (publishing) in which the Internet is increasingly important.
Then I saw an excellent reading by Aaron Petrovich, whose novel The Session I bought.
Lastly, there was the literary quiz smackdown between the New York Review of Books and A Public Space, which looked something like this:

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In which the much more wizened (read: older) New York Review of Books team won a narrow victory over the spritely A Public Space folks. (A Public Space, if you're wondering, is a pretty excellent literary magazine.) Present at the gathering were some bloggers, who looked something like this:

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That's (left to right) Sarah Weinman, Ed Champion and Levi Asher, conferring on how they know the answers the contestants don't. The bloggers (myself included) spent most of the time heckling the contestants and at the end Ed officially challenged the winners to a bloggers vs. NYROB match-up. A good time was had by me.
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