[2] The anonymous woman is depicted in a brocade dress, with her posture suggesting that she is sitting in the marble embrasure of a window or balcony, with her profile heightened by the bright blue sky in the background.

It was later attributed to Piero della Francesca (compare his portrait of Battista Sforza), and it was sold through the art dealers Colnaghi in London in 1897–1898 and acquired by the Gemäldegalerie in Berlin.

The Gemäldegalerie followed Bode's attribution until 1972, but it was not widely accepted and it is now thought to be incorrect (the work in Milan is now ascribed to Piero del Pollaiuolo instead).

Bernard Berenson attributed to the painting to Verrocchio and then to Alesso Baldovinetti (compare his Portrait of a Lady in Yellow).

The Gemäldegalerie catalogue suggests that the varied experience of Antonio del Pollaiuolo working as a goldsmith, as a bronze maker, and as a designer of embroidery, makes him a likely candidate for the realistic depiction of the embroidered clothing in the portrait.