A portrait of Lovecraft, published in issue 27 of the early videogame magazine ACE (December 1989) and new on Archive.org. A bit fuzzy, it has not been scanned well and it does not up-scale well. But it appears to be by “D.C. Designs”. Which makes it by Dave Carson of south London, in the UK, who apparently also sold limited edition prints and t-shirts of the design.

See also a NecronomiCon 2001 cover and some details on the British zine Dagon.

Possibly based on this photo…