I expected the book to be disappointing, and it was.
For someone's scrapbook to be of any interest or value to others, it needs to have appeal beyond that of the mementos to the creator himself. One way in which this scrapbook might be said to achieve that is by containing lots of photos of celebrities of the past. But you need to know who these celebrities were, and if you're not English and didn't move in the same tony circles that Beaton moved in, you're likely to be unmoved at seeing the majority of the photos. And there are no captions or index to identify anything or anyone, a major drawback for "readers" and a sign of slapdash compilation on the part of the editors.
Another way you might be entertained by someone else's scrapbook is through the interesting arrangement of the various "scraps" on the page, and while the introduction says something about clever juxtapositions, I failed to find very many of those. The book seems to be nothing more than the creator's way of preserving his souvenirs, without any thought of pleasing anyone but himself.
And the cumbersome, weighty format is just wretched excess which adds nothing to the enjoyment of the book. The enormous size seems to be just another way in which the editors shirked their duties--"Let's make it so big that it'll bowl 'em over, and maybe they won't notice that there's really not much here." I guess one thing the size does is make it very obvious that you own the book--visitors that you want to impress can't help but notice it covering your coffee table or bowing your shelf. In this connection, I've noticed it in several recent photo spreads of luxurious homes in decorating magazines. So I'd say the ostentation factor is probably its main appeal.
Luckily, I was able to re-sell mine and recoup some of the ridiculous price (even at a 40% discount, it ain't worth the dough), and I notice that the used copies are beginning to pile up at Amazon.com.
Recommendation: want to see a truly entertaining scrapbook? Petition Yale University to publish the scrapbooks of Carl Van Vechten.