This is the first issue of Gay Book Magazine (January, 1933), a ‘sophisticated’ men’s magazine published by Narrative Publishers.  This magazine published fiction (“Hard to Please” by Brooks Sandborn; “Under the Cap and Bells” by Tiffany Thayer; “Illusion” by Jack Woodford), articles (“A Woman for President!” by Benjamin DeCasseres; “Why Do You Lie?” by Edmond Vance Cooke), and regular features on life in New York and Paris, Sports, Books, and Theater.  This issue includes two 8-page sections printing tinted b&w photos, generally of beautiful, provocatively-clad women.  The front cover art is by North Stuart; in addition to b&w illustrations by Stuart and others, there is a full-page ‘frontispiece’ illustration in full color on high grade white paper by Earle Bergey.  This copy is in remarkable condition; there is some rubbing to the covers’ edges, with a very little wear at the head and foot of the spine panel; the front cover is dented directly over the lower binding staple, and there is a pinhead-sized perforation there; the white-space on the rear cover displays some light foxing, and there is a small area of discoloration adjacent to the spine; the text pages are gently tanned, with a darker shading along the lower edges; the paper is quite supple; I’ve seen no folds, tears or writing.  This clean and flat copy of a ‘first issue’ is in very good/near fine condition, and, as such, a genuine rarity.  This magazine will be packed carefully and shipped via insured US Priority Mail.  Thanks for looking.