This collage is by Ashkan Honarvar (b. 1980). It's part of a project for an anniversary issue of Please! magazine, and the theme for the pictures is "Bourgeoisie".

Please! is a magazine centred around fashion, and  you can tell that by looking at Ashkan's work alone. The cut out of the girl is from a conventional fashion photograph, but what makes the image unique is that he's added cut outs of victorian architecture. Bourgeoisie is a term for the 18th century upper middle class in France. It's associated with higher society, wealth and stylish way of life. Ashkan tries to convey those elements in his artwork.

To further analyze the image it's important to look at the individual elements. The blank eyes and mask on her face resemble a masquerade mask. While masquerade balls were most popular during the 16th century in Italy, they're also associated with mainland Europe during the 18th century. The roe deer adds to the seemingly innocent character. It's wooden with golden elements, much like the other elements in the picture. 

Considering the candles and the golden elements, the chandelier is victorian. By turning it upside down Ashkan makes it more aesthetic - the wide part is at the hips, and then swoops down, following the figure. 

Now I'm not completely sure what the parts on the side are - they seem like a combination of different elements, each of them conforming to the theme. I've no idea what she's holding either. Don't know if I have any comments about it, he probably should've put something that resembles an actual object there as it's the center of the picture.

The model has a pale complexion, and her clothes don't stand out individually. She's deliberately paler compared to the wooden/golden elements. 

I like the picture overall, the style and color choice is very interesting. The composition is balanced and interesting, and the colors compliment each other well. I wouldn't mind trying to do something similar, except probably with photoshop and not actual paper