The film narrates the relationship between the leading character, Leopold von Sacher-Masoch, and four women: Wanda von Dunajev (the Venus in Fur), Anna Klauer (a single prostitute), the Maid (almost a mother figure), and the Contess Aunt Xenobia (the first sexual impulse). Haidée - both the leading character's delirious alter ego and instigator of events - accompanies his host untill he awakens the deepest truth of each one of the characters. Haidée's dream reveals the characters' truths, lies, memories, projections, fears and sufferings in a context which is more emotional than narrative.

Based on Anton Chekhov's play.