The painting depicts two well-dressed women – "majas", beautiful young Spanish wives in elaborate clothing including lace mantillas – sitting behind the balustrade of a balcony, with two men standing inconspicuously in the shadows behind. Earlier interpretations of this painting unfortunately misunderstood the painting, believing the two women to be courtesans. Instead, we now know that they are the wives of the nobleman who are fishing on the lagoon. This painting is the companion painting to Carpaccio’s late 15th century “Hunting on the Lagoon" in the Getty collection.
There is a strong contrast between the light colours of the women and their richly decorated clothing in the foreground, and the plain heavy clothing of the men lurking in the background whose dark hats and cloaks conceal their features. The painting has a strict geometric composition, with the top of the balustrade dividing the scene into two regions. The top of the balustrade also forms the diagonal of a square from which the position of the figures is measured: the pilasters of the balustrade are in the lower half of the square, and the women lean towards each other in a triangle formed from the top half of the square. The composition of the area above the balustrade falls into four equal quadrants of another square.
The Metropolitan Museum of Art in New York City holds a version of the painting that had come into the collection of Infante Sebastian of Portugal and Spain by 1835. It was thought to be a Goya original, although the attribution has been doubted since 1989. It may be a replica from 1835, possibly by Goya's son Javier Goya, or a damaged and heavily restored original, possibly a copy commissioned by the Infante. It was confiscated by the Spanish state but returned to the Infante in 1860. The Infante's son, Francisco, Duke of Marchena [es], sold the painting to Durand-Ruel in 1905, who sold it to Henry Osborne Havemeyer. It was bequeathed from the estate of Louisine Havemeyer to the Metropolitan Museum of Art in 1929. It is largely similar to the Rothschild version, but the two right hand figures are in somewhat different positions.