4to. 50 color-printed plates by Rackham tipped to mounts. (Slight toning and some occasional spotting, a few marginal tears with repairs not affecting text, some minor chipping to a few leaves.) Original vellum decorated and lettered in gilt, top edge gilt, others uncut (lacking yellow silk ties, some minor soiling, hinges starting); custom white morocco-tipped slipcase.

FIRST EDITION, LIMITED ISSUE, number 294 of 500 copies, SIGNED BY RACKHAM. Rackham's illustrations for Peter Pan in Kensington Gardens established him as one of the premier illustrators in England: "The 50 color plates were unanimously praised by all who saw them. One critic wrote: 'Mr. Rackham seems to have dropped out of some cloud in Mr. Barrie's fairyland, sent by special providence to make pictures in tune with his whimsical genius" (Dalby, pp. 76-77).  Latimore & Haskell, p. 27; Riall p. 74.