Colonel Ernest Elliott Markwick first came across what became known as RY Sagittarii during searches for variable stars while posted in Gibraltar. He recorded it dimming from magnitude 7 in July 1893 to fainter than 11 by 23 October that year, and brightening to magnitude 6.4 by November 1894. Edward Charles Pickering wrote that it was a "remarkable object", and "nearly got away". The spectrum was first noted to be peculiar at the time, and by 1953 it was classified as a R Coronae Borealis variable, along with a handful of other stars. Mystified by its origins, Danziger postulated possible explanations as forming from a helium cloud, an aged star that had exhausted its hydrogen, or a star that had somehow thrown off its hydrogen envelope, though noted there was no evidence of such an envelope. He conceded that knowledge of star evolution was not advanced enough to come up with an explanation.
Variability
It is one of the three brightest R Coronae Borealis stars visible to Earth observers, along with R Coronae Borealis and V854 Centauri, and the brightest in the southern hemisphere. It is also a pulsating variable, with a semiregular period of 38 days. Its light curve has been studied for over a hundred years and is typical for the class, characterised by a sudden drop in brightness of several magnitudes over a few weeks before gradually brightening over the following several months. The timing between these dimmings is irregular. The cause of the drop in magnitude is the presence of dust clouds of carbon obscuring the star, though the mechanism how this might occur is not known. Extensive clouds have been detected with ESO's Very Large Telescope Interferometer.
Properties
The star is so remote that its parallax, distance and hence luminosity were impossible to calculate with any accuracy. The Hipparcos satellite calculated its parallax at 1.29 milliarcseconds, yielding a distance of from Earth. Its parallax from the Gaia first data release is much smaller at 0.41 mas, indicating a much larger distance, but still with a margin of error nearly as large as the parallax itself. The actual distance, derived indirectly by comparison with similar stars, is around 2,000 parsecs. Its effective temperature has been calculated at 7,250 K and its size at based on an assumed luminosity of.