Values in Giorgio Morandi tilt decisively toward white, giving the palette its luminous character. A distinctly cool atmosphere runs through this palette: sky, water, and mist given colour form. The absence of saturated colour is itself an expressive choice: this is a palette of restraint and atmosphere. The highest-chroma note - #305C71 - appears at just 7.3%, deployed as a precision accent against the quieter ground. The value range of 52 units sits in the comfortable middle: enough depth, enough light, neither extreme. The mid-to-high key, cool bias, and moderate chroma point to outdoor observation - sky and diffused daylight as the dominant light source. Palette 2 sits within the larger chromatic argument that Giorgio Morandi's complete body of work advances.