Porträtt av Elizabeth I of England, the Armada Portrait

The portrait was made to commemorate the defeat of the Spanish Armada (depicted in the background). It is the most faded, but has fewer losses and other damage. Its Armada naval action scenes have their ships floating as if on sand, as the varnishes that once coloured the sea have faded over time. It is the only version to retain its 16th century seascapes, visible to either side of Elizabeth.