In the area of newer stories written in the style of classics, I could reccomend two books from a Hustler erotic novel series of twenty years ago. Hot Wax Virgins is a terrible title for a pretty good story about a man who steals women and turns them into displays in his wax museum. The Hellfire Club is a good femdom tale of a man who tries to get his wife trained, but ends up on the wrong side of the whip. Both are set in Victorian England.
The Pearl is an omnibus collection of tales from a genuine Victorian erotic journal, which ran for eighteen issues. Included among short stories are six serialized novels, at least two of which should appeal to any BDSM afficianado. I had some difficulty with the slang.
A Man With A Maid is a three volume tale, the first of which is Victorian and the third is a modern 'fake'. The second SEEMS genuine Victorian to me, but there may be different versions of books two and three. Books one and two are each two short novels in one volume. The first short novel (and all of volume three, which is one story) are excellent, but the second through fourth short novels are mostly repeats of the first one.
The Olympia Reader is another omnibus collection. It contains single chapters excerpted from 41 novels published by Olympia Press in Paris, ranging from the early 1800's to the mid-1900's. It was reading these chapters that convinced me to buy Justine, by the Marquise de Sade.
I've tried to read a couple of books by Sacher-Masoch, but they did nothing for me. The last five books I've mentioned were published by Grove Press, whose successor, at least, is still in business.
Was this the sort of thing you had in mind?