The picture above is from Frazetta's limited edition portfolio of LOTR and TH illustrations. Now, I was a little confused at first because apparently this image is the title page for LOTR, but I'm pretty sure all those dwarves indicate that this picture is (or should be) a scene from the Hobbit. I got started on fantasy via the Hobbit when I was a tender eight years old, right around the end of the "Golden Age" of Swords and Sorcery Fantasy . . . you know, Conan and all that stuff. So this type of illustration is really nostalgic for me. Gandalf looks awesome!
Read on after the break for even more great illustrations!
Gotta admit, this is my favorite illustration of hobbits. Ever. This is almost exactly how I imagined them as a kid when I first read the Hobbit. They're short, like they should be, and a little bit on the 'hefty' side, unlike these hobbits. And yet at the same time they don't look overly comical like this guy; or like they were clubbed in the face, like this hobbit. In short, they're pretty much amazing.
Gollum, looking evil and creepy
Bilbo and (I assume) a Warg. Great stuff
Half naked orcs. I guess it was summertime in the Misty Mountains or something.