Hm. The only reason the sparkling effect shouldnt show up with the glasses is if you've already picked it up. And if the living book in the library outside isn't there, then that should be true of that aswell.

Maybe just try interacting with the right side of the book return counter at the top of the area.

Of course I'm looking through the events in the latest release, so it's possible you might have fallen victim to some long-outdated bug. Not really much help I can offer in that situation, but I'd hope that isn't the case.

Edit: actually, this may sound dumb, but are you sure it's the correct book? West is left, not right. There's an identical book on the right side of the area, but that's the wrong one, and does nothing.

Thanks for the response!

I'm definately checking the book at the left. The living book never appears too. Weird. I've also interacted with the Eyeball guy at the return counter but nothing happens. Although, am I supposed to be able to go through counter before returning the book? I'm able to do that.

Edit; Oh wow, I got the effect. It seems the bug just bypassed the event entirely. However I've got a new issue now; after putting all the effects in the trophy room and waking up, there's no staircase or anything. Perhaps these are related? I'm not sure what's going on, I've never encountered any other bugs.