Greenspan Memoir Bidding Hits $8 Million... Nearing Pope John Paul II's $8.5 Million...

Greenspan Memoir Bidding Hits $8 Million... Nearing Pope John Paul II's $8.5 Million...

The white hot auction for the rights to former Federal Reserve boss Alan Greenspan's memoirs nudged into the $8 million range late yesterday.

At the end of the second full day of the frenzied auction, Greenspan is already closing in on the second highest advance of all time - the $8.5 million paid to Pope John Paul II in 1994 for his memoir, "Crossing the Threshold of Hope."

Just an $8 million advance would leave him in a flat-footed tie for third place with Hillary Rodham Clinton, who snagged that amount from Simon & Schuster for her White House memoir, "Living History."

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