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I have a hard time justifying buying a bunch of books with an expiry date, to be thrown out in a few years, that really is not all that nice to look at for multiple countries, that contains valuations that aren't realistic. Not to mention the unnecessary slaughter of trees. It seems like an outdated business model, whose hope of survival depends on a lack of innovation.
The cost of a full set of new catalogs in both money and sheets of paper is high indeed, and I keep rooting for better digital offerings from catalog publishers for the reasons you mention. However, keep in mind that for identification purposes, older editions of the catalog work just as well as new ones (at least in about 99.9% of cases, and except for new issues) and can be purchased for a small fraction of the price. Whereas brand-new 2017 editions would cost you over $100 per volume, you could probably buy a full six-volume set that's 5 years old for less than that, and the catalog values wouldn't be all that different in most cases. It's pretty difficult to collect "seriously" without catalogs, simply because without them it's difficult to know what even exists.