A wiki devoted to spanking art attributes the above image to bondage artist John Willie (1902-1962), and attributes it to his magazine Bizarre.

The aptly-named Spanking Blog has a slightly larger version of the image, which it attributes to Brian Tarsis.

Fetishartists.com attributes the image above to Daniel Girard.

Couldn’t find any provenance on the above.

Original post here. Sourced on tumblr to mysubferule via singoshirbari.