It sold for a rather surprising 10,208 Euro instead, suggesting that some people recognised the hand of a known artist in this. The inscriptions read (approximately) "Renone fiume" and "Bachilione fiume". The Bacchiglione is a river in Northern Italy (Vicenze, Padua). In Vicenza, there is also a Retrone river, which ends in the Bacchiglione.
I haven't got a clue who might be the artist behind this, the drawing in itself doesn't warrant the price.
A reader pointed me to some similar drawings by Giorgio Vasari, but those ones were better than the one sold now. But it certainly is the closest I've come yet to identifying this one!
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