At first glance, this looks an awful lot like I’m Age, except for a number of things: it’s in sepia, it makes sense and it’s by a completely different creator. 

The actual story is fairly interesting: narration that could be contemporary over a series of panels suggesting that the woman keeps decapitating her lovers and keeping the skulls as keepsakes.

(Heavy Metal issue #89, August 1984 – Page 35 Synchrony by Muth)