Personally, I think (and hope) physical books are more like blue jeans than LPs. I like to see signed first editions as a little democratic works of art.
On a more selfish note, I also think this whole discussion is why independents should (and often do) nurture readers who like to collect books and get their books signed. By nurture, I mean host as many author readings and signings as possible. Author appearances can create a bond between readers and writers and energize a local reading community. They are relatively low cost ways to make a store a cultural center. And Amazon doesn't sell signed books. By nurture, I also mean do not get uptight when collectors or dealers buy multiple copies or bring their own to get signed and fall into the trap of making up rules to restrict signings. I always spend more freely in stores that don't hassle me for getting my own books signed and I am convinced that the store makes more money short term, from the traffic that readings bring in and, more long term, from the good will established by letting me get my books signed without bs. Don't make me buy a book AND prevent me from getting back titles signed at the same time. This is why I will patronize warm, inviting stores like Greenlight, McNally Jackson and Book Court, and avoid the Strand to the extent that that is possible. I'm talking to you Strand.
Anyhow, getting down off my soap box, below is Russo's current signature.