This is a framed advertising poster for a play (La Sorciere: drame gitan en un acte d’Eddy Ghilain, or “The Witch: a gipsy drama in one act by Eddy Ghilain”) that showed in 1961 at the Grand Guignol theater in Paris. The image probably comes from the poster gallery at grandguignol.com, where there’s also a list of performances of the 1960s, including this one. For interest, there’s an article at Io9.com about the peculiar genre of gory and erotic humor for which this Paris venue was famous.
Image provenance by Bacchus at Erosblog.