La Peau de chagrin consists of three sections: "Le Talisman" ("The Talisman"), "La Femme sans cœur" ("The Woman without a Heart"), and "L'Agonie" ("The Agony").
The first edition contained a "Preface" and a "Moralité", which were excised from subsequent versions.
A two-page Epilogue appears at the end of the final section.

"Le Talisman" begins with the plot of "Le Dernier Napoléon": A young man named Raphaël de Valentin wagers his last coin and loses, then proceeds to the river Seine to drown himself.
On the way, however, he decides to enter an unusual shop and finds it filled with curiosities from around the world.
The elderly shopkeeper leads him to a piece of shagreen hanging on the wall.
It is inscribed with "Oriental" writing; the old man calls it "Sanskrit", but it is imprecise Arabic.
The skin promises to fulfill any wish of its owner, shrinking slightly upon the fulfillment of each desire.
The shopkeeper is willing to let Valentin take it without charge, but urges him not to accept the offer.
Valentin waves away the shopkeeper's warnings and takes the skin, wishing for a royal banquet, filled with wine, women, and friends.
He is immediately met by acquaintances who invite him to such an event; they spend hours eating, drinking, and talking.

Part two, "La Femme sans cœur", is narrated as a flashback from Valentin's point of view.
He complains to his friend Émile about his early days as a scholar, living in poverty with an elderly landlord and her daughter Pauline, while trying fruitlessly to win the heart of a beautiful but aloof woman named Foedora.
Along the way he is tutored by an older man named Eugène de Rastignac, who encourages him to immerse himself in the world of high society.
Benefiting from the kindness of his landladies, Valentin maneuvers his way into Foedora's circle of friends.
Unable to win her affection, however, he becomes the miserable and destitute man found at the start of "Le Talisman".

"L'Agonie" begins several years after the feast of parts one and two.
Valentin, having used the talisman to secure a large income, finds both the skin and his health dwindling.
He tries to break the curse by getting rid of the skin, but fails.
The situation causes him to panic, horrified that further desires will hasten the end of his life.
He organizes his home to avoid the possibility of wishing for anything: his servant, Jonathan, arranges food, clothing, and visitors with precise regularity.
Events beyond his control cause him to wish for various things, however, and the skin continues to recede.
Desperate, the sickly Valentin tries to find some way of stretching the skin, and takes a trip to the spa town of Aix-les-Bains in the hope of recovering his vitality.

With the skin no larger than a periwinkle leaf, he is visited by Pauline in his room; she expresses her love for him.
When she learns the truth about the shagreen and her role in Raphaël's demise, she is horrified.
Raphaël cannot control his desire for her and she rushes into an adjoining room to escape him and so save his life.
He pounds on the door and declares both his love and his desire to die in her arms.
She, meanwhile, is trying to kill herself to free him from his desire.
He breaks down the door, they consummate their love in a fiery moment of passion, and he dies.
La Peau de chagrin consists of three sections: "Le Talisman" ("The Talisman"), "La Femme sans cœur" ("The Woman without a Heart"), and "L'Agonie" ("The Agony"). The first edition contained a "Preface" and a "Moralité", which were excised from subsequent versions. A two-page Epilogue appears at the end of the final section.
"Le Talisman" begins with the plot of "Le Dernier Napoléon": A young man named Raphaël de Valentin wagers his last coin and loses, then proceeds to the river Seine to drown himself. On the way, however, he decides to enter an unusual shop and finds it filled with curiosities from around the world. The elderly shopkeeper leads him to a piece of shagreen hanging on the wall. It is inscribed with "Oriental" writing; the old man calls it "Sanskrit", but it is imprecise Arabic. The skin promises to fulfill any wish of its owner, shrinking slightly upon the fulfillment of each desire. The shopkeeper is willing to let Valentin take it without charge, but urges him not to accept the offer. Valentin waves away the shopkeeper's warnings and takes the skin, wishing for a royal banquet, filled with wine, women, and friends. He is immediately met by acquaintances who invite him to such an event; they spend hours eating, drinking, and talking.
Part two, "La Femme sans cœur", is narrated as a flashback from Valentin's point of view. He complains to his friend Émile about his early days as a scholar, living in poverty with an elderly landlord and her daughter Pauline, while trying fruitlessly to win the heart of a beautiful but aloof woman named Foedora. Along the way he is tutored by an older man named Eugène de Rastignac, who encourages him to immerse himself in the world of high society. Benefiting from the kindness of his landladies, Valentin maneuvers his way into Foedora's circle of friends. Unable to win her affection, however, he becomes the miserable and destitute man found at the start of "Le Talisman".
"L'Agonie" begins several years after the feast of parts one and two. Valentin, having used the talisman to secure a large income, finds both the skin and his health dwindling. He tries to break the curse by getting rid of the skin, but fails. The situation causes him to panic, horrified that further desires will hasten the end of his life. He organizes his home to avoid the possibility of wishing for anything: his servant, Jonathan, arranges food, clothing, and visitors with precise regularity. Events beyond his control cause him to wish for various things, however, and the skin continues to recede. Desperate, the sickly Valentin tries to find some way of stretching the skin, and takes a trip to the spa town of Aix-les-Bains in the hope of recovering his vitality.
With the skin no larger than a periwinkle leaf, he is visited by Pauline in his room; she expresses her love for him. When she learns the truth about the shagreen and her role in Raphaël's demise, she is horrified. Raphaël cannot control his desire for her and she rushes into an adjoining room to escape him and so save his life. He pounds on the door and declares both his love and his desire to die in her arms. She, meanwhile, is trying to kill herself to free him from his desire. He breaks down the door, they consummate their love in a fiery moment of passion, and he dies.
La Peau de chagrin