How long would you like it to be before a cheaper version comes out? They generally take a couple of years to come out and I think that seems fair. With the really expensive versions I think it might be best to consider most of the cost to cover the book as an object.
I think distributing digital versions of high-end books is very problematic. I, for one, am always frustrated when I part with hard-earned cash for limited editions only to have those works re-issued (either by the same publisher or by others). The fact is that I'm willing to pay the sums those books demand because I expect that their value will be preserved by virtue of their rarity. Cheaper versions of these books—either in digital format or re-publication by other publishers—immediately destroys the economic value of the original publication. As it stands, this has happened enough for me to consider myself once bitten and twice shy. If this pattern continues, thrice shy is just around the corner... And thrice shy means that a lot of small presses will find themselves with one more unsold book in their inventory. I no longer buy books from Cemetery Dance, Dark Regions, and Subterranean for precisely this reason.
I am not suggesting that publishers (much less authors) are obligated to preserve the value of their customers investments. I AM saying that the business model is not sustainable if there is no expectation that those investments will retain their value.
Noble sentiments - this person understands the true joy of collecting!
We use essential cookies to make this site work, and optional cookies to enhance your experience.