Pétur Magnússon (b. 1958) was born in Reykjavík. After high school, he attended the Icelandic School of Arts and Crafts (forerunner of the Iceland University of the Arts), then continued his studies at accademia delle belle Arti in Bologna, Italy, and finally at Rijksakademie van Beeldende Kunste in Amsterdam, Netherlands.
After graduation in 1986 he lived in Amsterdam until 2003, when he returned to Iceland. In the Netherlands he was one of the founders of the Boekie Woekie art bookshop, which is also a gallery and a publisher. He worked at the company for some years, and Boekie Woekie presented his art at the Art Frankfurt fair in Germany in 1996.
Pétur studied painting in Italy and printmaking in the Netherlands, and this is evident in his older works. Over time he has moved into photography and sculpture, often bas-reliefs, and a combination of steelwork and photography is a common method. His art seeks to challenge the senses while offering new potential for perception of the environment. As a rule, his works are site-specific. Material and perspective often play a major part in distorting the environment in a philosophical and humorous manner.