V473 Lyrae is a faint naked eye star, but its brightness variations were not reported until 1968. It was noted to be possibly variable, then examined as a possible
δ Sct variable. It was confirmed as variable but the variations were considered semi-regular and so it was not catalogued as a δ Sct variable. In 1979, brightness variations were again noticed and V473 was listed as a short-period Cepheid, although the period was thought to be 3.04 days. The correct period was found a few years later at 1.49078 days, at the time the shortest known period for a galactic Cepheid. Unusual periodic variations in the pulsation amplitude were also noticed, similar to the
Blazhko effect in
RR Lyrae variables. ==Pulsations==