This lovely fish is a lumpfish. Every spring the Icelandic fishermen start the lumpfish season.
Lumpfish is mostly valuable for its roes but the fish itself is also edible although considered as 'eccentric' Icelandic food.
There are two traditional ways of processing it: the female fish is half-dried and probably comes third on the list of smelliest Icelandic fish after rotten shark and skate. The male fish on the other hand is salted and smoked and is pretty delicious.
This photo was taken to accompany an article about growing up in an Icelandic fishing village which I wrote for the Reykjavík Grapevine, a magazine/news paper about Iceland in English. You can read the article here if you're interested:
grapevine.is/travel/2015/04/14/lumpfish-life-growing-up-i...
Whoa, excuse the text-wall :P