First edition of this issue of this important journal dealing notably with archaeology, fine arts and ethnography and whose principal editors were Georges Bataille and Carl Einstein. Fine copy despite a light stain affecting the margins of the leaves which are slightly and partially cockled. Contributions by Marcel Griaule: "Légende illustrée de la reine de Saba", Jacques Baron: "Jacques Lipchitz", Georges Bataille "Le bas matérialisme et la gnose", Jiujiro Nakaya: "Figurines néolithiques du Japon", Robert Desnos: "Pygmalion et le Sphynx", Carl Einstein, Michel Leiris, Georges Henri Rivière... Issue illustrated with photographs by Jacques-André Boiffard.