photo credit: The Duke of Lancaster's Regiment, Lancashire Infantry Museum
The pageant shown was titled 'The First Prince of Wales' – here is a photograph: http://bit.ly/2o2UtgQ
I have been unable to identify any named artist of portrayals of the scene but it might be worth considering Fortunino Matania – who had illustrated the tournament previously and was producing royal scenes around 1932, e.g. http://bit.ly/2omr9hr
The collection note: 'We will add this information to our database. It would be very interesting to see if we could find anything else out.'
Art UK have so far been unable to trace any rights holder of Fortunino Matania's works – any information which may lead to a rights holder would be appreciated.
On Art UK there is a perfectly clear signature visible bottom left of Gilbert Holiday (1879-1937). His 'The Start of the Royal Tournament' (https://artuk.org/discover/artworks/the-start-of-the-royal-tournament-at-olympia-1827150) makes a good comparuison.
Following Al Brown's identification the title might more accurately be 'The Pageant 'The First Prince of Wales' at the 1932 Royal Tournament.'
Well-spotted, Andrew. Holiday is interesting, if little known: http://saved-from-the-bin.blogspot.co.uk/2007/03/gilbert-holiday.html
Horse-painter and war artist, he was the nephew of artist Henry Holiday.
Andrew, your link to the other Royal Tournament picture has acquired an extraneous zero at the end, and also needs to be separated from the enclosing brackets to work (a long-standing bug here). Thus: ( https://artuk.org/discover/artworks/the-start-of-the-royal-tournament-at-olympia-182715 ).
But well done for noticing what had inexplicably been previously missed!
I typed 0 instead of ) and then added another ) !
In future I won't use ( ).