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Homer would make special deals to keep certain authors within the inner circle — the cénacle, or cartel, some might call it — of independent houses that was informally run by him and his partners in crime. It was old-fashioned horse-trading, sure, but it often proved salutary for the authors, for over time, if they truly had the stuff (and some of them did; if not, the whole house of cards would have collapsed long ago), their international stature would gradually mature, and their readership would inevitably spread like their publishers’ waistlines.

Quite a few of Homer’s authors — more than from any other American house except FSG, a constant thorn in his side — had ended up with the Big One, the Giant Kahuna, the platinum standard in World Literature, the highest of stakes, for which he was always playing: the Nobel Prize in Literature, awarded by the hypersecretive Swedish Academy. In the United States, the Nobel didn’t quite have the commercial heft it did elsewhere, but its prestige was still unparalleled. In recent years Homer had taken to raking in Nobels the way some collect watches. Seven of the last twelve literature prizes had gone to P & S authors, to the disgruntlement of many. Homer had been heard to boast that he was on familiar terms with the king of Sweden, whose major duty seemed to be handing out the Nobel medals.

The prize was traditionally announced on the Thursday of the fair at one p.m., during the frenetic lunch hour. The big cheeses were far too suave to stand around waiting for the announcement; nevertheless, their underlings knew how to reach them at the all-important moment. This year, for the first time in decades, Homer hadn’t come to Frankfurt; he was having a hip replacement that couldn’t be postponed, and Sally had stayed home to help nurse him. So Paul was there on his own to carry the flag, gingerly treading in his boss’s oversize footsteps through the set-in-stone routine of meetings and receptions, trying not to appear like the underdressed hick he felt he must be taken for by Homer’s cliquish crowd.

In 2010, as had been the case for the past few years, Ida Perkins was rumored to be on the short list for the Nobel. How accurate such speculation was, was anybody’s guess. The putatively short-listed candidates — nobody knew if there actually was a short list — often failed to emerge as winners; and if a writer was mentioned year after year, she or he could become stale goods, even less likely to garner the ultimate accolade than the dark horses — though stale goods could miraculously become fresh-baked overnight and end up winning, as had happened more than once. This year Ida, who at eighty-four had entered Now or Never territory, was again being actively discussed as a potential winner: it was time for an American, a woman, a poet: why not all three in one?

“Now you must tell me, Paul,” whined Maria Mariasdottir, who’d cornered him one evening in the Frankfurter Hof bar, a suite of spacious rooms furnished with lots of, but never enough, sofas and chairs on the ground floor of Hitler’s favorite hotel, though it was larger and dowdier than the more exclusive Hessischer Hof across town. At night the Frankfurter Hof became an even sweatier, smokier mosh pit than the Hessischer Hof, so packed with literary flesh peddlers you could barely move. Paul thought of it as the third circle of Hell.

“Who,” Maria kept asking, “is this Ida Perkins?”

Maria was a hardworking, sloe-eyed, shapely young publisher from Reykjavik who often appealed to her fellow publishers in other territories for tips since she couldn’t afford the staff to read most of the books submitted to her.

“Ida Perkins is to American poetry as Proust is to the French novel. Seriously.” Paul recoiled internally hearing himself talking Frankfurt-speak, a repulsive commercial shorthand he loathed yet had developed a disgusting facility with — even when it came to Ida; though she wasn’t “his” author, he felt compelled to spread the word about her at every opportunity. It was nearing midnight, long past his normal witching hour, but the crowd was just beginning to thicken like a rancid sauce. He knew he’d had far too much to drink and needed to get back to his two-star hotel in the red-light district near the Hauptbahnhof.

“Yes, but is she really good? I mean really, really, really good? I need to know.”

“Yes, Maria, Ida is really, really, really good — absolutely the top. I’m telling you it’s true — and we don’t even publish her, alas.”

“Are you sure, because translating her will be so difficult, so expensive …”

“Maria, I don’t know your market. All I know is that Ida Perkins is the American poet of our time. And her work is going to last. Ask Matthias Schoenborn if you don’t believe me. He’s bringing out her Collected next year. Ask Beltraffio. Ask Jean-Marie Groddeck. They’re all convinced.” The fact that certain prestigious publishers had an author on their lists often carried irrational weight with their foreign colleagues.

“Yes, but is she really, really good?”

Really, really, really good, Maria. Really.” He hoped he wasn’t slurring his words, but feared he just might be.

“I’m doubtful,” she said.

Paul threw up his hands and planted a smooch on the nonplussed Maria’s forehead (most Europeans were deft practitioners of the air kiss, where lips never touched skin, but Americans often failed to carry it off). At least Maria really, really wanted to know if Ida was worth translating. The truth was, what was hot in New York was often dead on arrival in Reykjavik, and vice versa — that was the terrible truth, and maybe the saving grace, of international publishing. Paul sometimes had reason to wish there were a Frankfurt morning-after pill; but a deal was a deal, even one shaken on when one of the parties — or, better, both — was two or three sheets to the wind.

So Paul was feeling cautious when he sat down in Homer’s stead at Matthias Schoenborn’s table in the German hall the next morning for their annual discussion — lecture might have been a better word — about Matthias’s prizewinning, best-selling Mitteleuropean authors. If Homer had been there, he and Matthias, who were mad about each other, would have spent their half hour telling off-color jokes and denigrating their closest collaborators, as happy as pigs in shit, but Paul knew he would have to settle for an actual business meeting. Experience told him that few or none of the writers Matthias would be pitching were likely to make an impact in America, just as he knew in his heart of hearts that Matthias, who was one of the shrewdest showboats among the international publishers, much admired for his ebullience and his nonstop promoting of his writers — a kind of latter-day European version of Homer — had no deep interest in the authors Homer and Paul published. Sure, Matthias would grumble about the fact that Eric Nielsen, now an enormous international presence, was published by Friedchen Bohlenball, though Matthias hadn’t shown the slightest interest when Paul had buttonholed him excitedly about his discovery years ago. The truth was, Matthias didn’t care about what Paul was doing any more than Paul cared about Matthias’s Russian and Iranian émigrés eking out an existence as cabbies in Berlin. Still, they sat and talked animatedly every year—“He lies to me and I lie to him,” as Homer put it — and went to each other’s parties and were the best of Frankfurt pals, listening all the while for signs in each other’s cascading verbiage of that rarest of things, the world-class author who could make a difference for both of them. How to listen, Paul had come to feel, was the real test of Homer’s publishing “truffle hound.” Many, unfortunately, listened only to themselves.