You’d be forgiven for doing a double-take, a triple-take, or even insisting that this is a clever ‘shop job, but you’d be mistaken. This is a 1/12-scale version of a power suit model from the Starship Troopers anime series, done by Japanese modeler mumumuno53. To achieve this amazing effect, he relied on using a paper-colored undercoat, line shaded details using pens, and area shading with rubdown screentones. It really makes for an impressive illusion, don’t you think?
You can see more images on mumumuno53’s blog page (Japanese).