This is among dozens of blue paper studies presumably made in connection with the Cowes Regatta events in the late summer of 1827; see the Introduction to this subsection for others showing shipping under sail and in some cases apparently racing. The yacht towards the left is loosely comparable with one in the right foreground 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
As noted in the Introduction, the present work and thirty-four other sheets were recorded in Finberg’s 1909 Inventory as unmounted, and ‘formed part of [a] parcel’ labelled by John Ruskin ‘O. 232. Chalk scrawls on grey. Rubbish.’2
Blank; inscribed in red ink ‘4[?21]’ bottom left; inscribed in pencil ‘CCXXVIII . 41’ top left, upside down. Despite Finberg’s statement that this sheet was unmounted, the remnants of white mounting paper or tape are evident at the corners.