The 1954 book "Histoire d'O" by Pauline Reage was a sensation in France and was published in English in 1965. It exists in a few film versions, most notably one with Udo Kier, and another, a tribute short by Lars von Trier. von Trier later used Kier in The Kingdom and Breaking the Waves.
Greene says he updated the story to modern-day Los Angeles and tried to stay faithful to the book, which was written on a dare by the author to her married lover.
This pretty bondage picture also features a walk-on by Nina Hartley, who gets some whip-time in, as well as Justine Joli.
Will this really be a faithful adaptation? Probably not, but I saw some of the pictures and they look great.
In addition, the book has not gone out of print in 50 years.