The mention in the inscription of 'Lady Holeys' could refer to Lady Eleanor Holles (1639? - 1708), daughter of John Holles, 2nd Earl of Clare (1595-1666). John Holles was born in Haughton, Nottinghamshire and a member of parliament, brother-in-law of Thomas Wentworth (1593-1641), 1st Earl of Strafford of the 1st creation, an English statesman and a major figure in the period leading up to the English Civil War. Lady Eleanor Holles lived in Greek Street (now Soho), where she possessed a substantial quantity of silver, watercolour pictures, an emerald ring and rows of pearls that she bequeathed to her large family of sisters, nieces and nephews. She also endowed a Christian foundation "to produce young women of grace and integrity", now the Lady Eleanor Holles School in Hampton, London.
It is probable that Valentino Coronati was a dealer who supplied this fan leaf during a Grand Tour, or via contacts in London.
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