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The image depicts a reenactment of the Palio di Siena, a horse race held twice a year in the Piazza del Campo in Siena, Italy. In the foreground, a participant wearing historical attire, including a red helmet, segmented armor, and brightly colored stockings (one red and white, the other green and white), stands with his back to the camera, holding a sword. In the mid-ground, other participants in similar historical costumes are present, with one holding a green and white banner. The background shows spectators seated in tiered stands in the windows and balconies of the medieval buildings surrounding the piazza. The ground appears to be dirt or sand.
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