I wish I had $150+ as this item has just become available on eBay:
This particular Necronomicon is “hand-bound in two colors of real hand-stitched leather and finished with high quality archival red felt.The sigil of The Necronomicon and the Elder Sign have been emblazoned on the front and back cover respectively. Each and every one of it’s 148 pages has been filled with original artwork, custom engravings, occult signs and circles, eldritch symbols and authentic occult texts in Latin. A few passages are in Old English as would be authentic to the time period of the piece.” Awesome.
It was made for an off-Broadway production of H.P.Lovecraft’s The Hound, which looked kinda sweet and comes with all sorts of documentation (certificates of authentication, photos of it being used in the production, etc.). If you have more money than I do (and maybe feel like giving me a present) then head over to the item here: http://cgi.ebay.com/Hand-Made-Leather-Bound-Lovecraft-Necronomicon-/200592250129?pt=LH_DefaultDomain_0&hash=item2eb43ad511