With the page turned vertically, At the top, yachts are shown at speed; compare the central craft with those on the left of the painting East Cowes Castle, the Seat of J. Nash, Esq.; the Regatta Beating to Windward, exhibited at the Royal Academy in 1828 (Indianapolis Museum of Art).1 For more on studies in this sketchbook relating to the regatta events at Cowes from late July 1827 onwards, see the sketchbook Introduction.
Across the middle of the page is a slight view of what may be a ruin on the coast, or possibly the wrecked hull of a ship. The thin strip of landscape at the gutter appears to be a slight continuation from folio 33 recto opposite (D18052).
Martin Butlin and Evelyn Joll, The Paintings of J.M.W. Turner, revised ed., New Haven and London 1984, p.150 no.242, pl.246 (colour).