Spirit Photography Photo Album isn't readable because it is wearable and goes with the other Spirit Photography items like Spirit Photography Cracked Lens.

It used to be an option but the item staff feels that to mark it as a wearable and a book would make the price skyrocket. Locking as this is not a bug.

If you would like to see more about this, you can see the official word on this on the topic below:

Make this item a Book/Food/Minion/Toy