"Almost like a Ponzi scheme of over-priced goods, if the circulation amongst the dealers were to stop, the bottom would drop out because at some point all would realize that the prices have been artificially inflated for those couple clients for whom money is no object." A quote from an excellent and incisive post by 5B4 on the state of the photo-book market.
I have just started a series of reviews of recent Japanese photobooks for the great online photography magazine, lensculture. The first review is of Shigeichi Nagano's latest, Hong Kong Reminiscence 1958 (Tokyo: Sokyu-sha, 2009). You can read the review here.
Update: It seems like the guys at Japan Exposures picked up on my review. If you want to get a copy of the book (they have signed copies too), their site is a good bet.