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Some great responses to my question! I am leaning toward the "exclusive" aspect, where only certain hardcover books will be published in collectors editions. Sort of like how "Book of Hours" were for the upper classes before the printing press. Expensive, treasured items.
I probably will buy paperbacks for beach reading, though. I would imagine a lot of people feel the same way I do, so maybe (cheaper) pb's continue for a while?
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