I just came across a picture book I had never seen before, (even though it's been out for more than a year.)
Little Mouse's Big Book of Fears, by
Emily Gravett. This book is exquisite. The illustrations/collages are tasteful, well thought out, and little flap-up extra's are sprinkled throughout the book.

Another one of my favorite books, and out for a while, is Mini Grey's,
The Adventures of the Dish and the Spoon. This book is also a combination of illustration and collage. Grey's sense of humor is infectious, the abundance of detail very well placed, and the color palette is stylish. Story time will be fun tonight.