Over at New York Magazine, Christopher Bonanos (author of Instant: The Story of Polaroid amongst other things), profiles New York new and used bookstore The Strand:
When you visit Amazon or AbeBooks (which is owned by Amazon) and search for an out-of-print title, your results are usually listed from cheapest to most expensive. The first “store” on the list often turns out to be a barn full of books in rural Minnesota or Vermont. Some are charity stores, selling donated books—no acquisition costs at all. They certainly aren’t paying Manhattan overhead. Yet here, too, the Strand is holding on, owing mostly to that churning turnover and the quality of its stock. That barn isn’t going to have many of last year’s $75 art books for $40, and the Strand always does. Plus there are the only–in–New York surprises that come through the store’s front door. Opening a box can reveal a Warhol monograph that will sell for more than $1,000, or an editor’s library full of warm inscriptions from authors… Surely operating out of one of those barns would be cheaper. “Not with our formula,” says [owner Fred] Bass firmly. “We need the store. This business requires a lot of cash flow to operate,” and much of it comes in with the tourists. That funds the book-buying, which supplies the next cycle of inventory. Which requires this expensive retail space, and the renovation of 2003 did not just come from a desire to spiff up. It happened because of a specific event, one that probably saved the Strand: In 1996, after four decades of renting, the Basses bought the building.