AFAIK, with buildings these regulations (now) exists because they didn't in the past. People got really upset with other people just demolishing what they held dear, public outcry as a result and eventually regulations too. But in this situation the destruction is often driven by space being a scarce commodity (especially in cities).
I doubt that books often get destroyed to make way for new ones (barring a few criminal/extremist authoritarian regimes), so it might never have reached a point where enough people got upset about it and demand regulation.
But now I am curious though, if there are indeed regulations for these kind of works. If there are, that would essentially render my original opinion null and void.
Still, I would prefer it that way, rather than know that these works will end up in the hands of the financially powerful private hands. For I have little faith in that lot and their antics.