This is from the book "Pierced hearts and True Love. A Century of Drawing for Tattoos" The Drawing Center, 1995. They label it as "Unidentified tattooer, c. 1950" A most excellent book.
There are lots of 3d tattooed arms supposed to be old and supposed to have been employed in tattoo shops.
Here's a pair that sold on eBay.
We have seen these pop up at local swap meets for about $200. That's okey as maybe a decoration for those stupid "man caves." Rooms which, like a New Year's Eve party, reek of false promise.
Here's an arm sign currently on eBay. The lady looks sceptical but the listing swears it is genuine. http://ebay.to/15Phu9x
Can't tell from the photos but as one collector said " After looking again, something about the paint doesn't look right. It has that distressed painting technique look. That's a red flag."
You be the judge. For us there is nothing more dispiriting than, down the road, realizing your item is a phony.