The value structure of Canaletto is mid-key: quiet, controlled, and cohesive. Neither warm nor cool has the upper hand here; the equilibrium between the two generates the palette's visual energy. All colours lean toward grey, building depth through value rather than colour punch. The most saturated colour, #BA9156, is reserved to 6.5% of the surface, where it acts as a focal punctuation. At 61 units of value range, the palette has the tonal breadth to sustain complex spatial readings. Canaletto arrived at this balance through long practice; the palette carries the weight of that experience.