Released in February 2007. 44 glossy pages in full color.
- Degenerate Art – interview with Russian art collector Rinrin.
- Rare Gems. The 10 best out of print photo books.
- Spanish film director Ivan Noel about his new coming-of-age film.
- Interview with Swedish artist Ajohan Lahti.
- Reviews of books by John Henry Mackay and Kief Hillsbery.
- Column by Swedish author Unni Drougge.