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Inverted relative to the sketchbook’s foliation, at the top is a very slight sketch of the masts of shipping. Below is a barely more developed study of bunting flying from masts or flagpoles beside low buildings, probably on the waterfront at Cowes. Compare that seen in the distance to the right of centre in the painting East Cowes Castle, the Seat of J. Nash, Esq.; the Regatta Starting for their Moorings, exhibited in at the Royal Academy in 1828 (Victoria and Albert Museum, London).1 For more on studies in this sketchbook relating to the regatta events at Cowes from late July 1827 onwards, see the sketchbook Introduction.
Martin Butlin and Evelyn Joll, The Paintings of J.M.W. Turner, revised ed., New Haven and London 1984, pp.150–1 no.243, pl.247 (colour).