This is a version of the painting in the Museum Boijmans Van Beuningen, Rotterdam (inv. no. 1892), described by Robinson (loc. cit.) as 'probably a late studio version, but [possibly] an eighteenth century copy by Peter Monamy after Van de Velde's death'.
The Rotterdam picture is signed, inscribed and dated 'W.V.Velde. In londe 1673', although Robinson (ibid., p. 503, no. 8) believed that it was likely to have been started in Holland and completed in London; he noted that in the right background was a boat with an awning and a flag and wreath on the mast (also present, but less clearly visible, in the present work), a Dutch tradition indicating that it was a refreshment vessel.
The yacht is that of the States of Holland, having on her tafferel a shield bearing the red lion rampant of Holland, with lion supporters. Robinson notes that she is probably the same as that in a work by Van de Velde of 1674 in the Elizabeth Holmes Fisher Gallery, Los Angeles.