(Other Best Picture Nominees considered so far: Black Panther, A Star is Born, Roma, BlackKkKlansman.)
The Favourite. [Mild spoilers.] This struck me at first as an exceedingly cold-blooded comedy of manners, like a Joe Orton adaptation of Wycherley -- or a Peter Greenaway movie with much better dialogue (Servant, whose room is invaded by a courtier: "Have you come to seduce me or to rape me?" Courtier: "I am a gentleman." Servant: "So, rape then.") The photography, which while gorgeous leans at lot on the fish-eye, also seemed designed to distance us, literally and figuratively, from the characters. But flashy as it is, the film reveals a very poignant strain.
The early-18th-Century rivalry between Churchill forebear Sarah Duchess of Marlborough and her reduced distant relation Abigail Hill for the affections of Britain's Queen Anne is such a sure-fire subject I was surprised not to have seen it done before -- though apparently it has been, including in a 2014 Helen Edmundson play. As the principals are introduced, we are brought quickly up to speed on Sarah's sway over the addled and capricious queen and on impoverished Abigail's desire to rise; the conflict seems inevitable and the ensuing machinations, beautifully written, give the traditional thrill of seeing a couple of live ones go at it. (As their shooting-range repartee reveals, Sarah has age and guile but Abby has youth and quickness.)
But while Abigail's drive to get up the ladder occasions astonished laughter, we also get some very cold glimpses of what she has had to pull herself up out of ("when I end up on the street selling my asshole to syphilitic soldiers, steadfast morality will be a fucking nonsense that will mock me daily"). By the time she offers a truce to Sarah after having nearly killed her, even as the audacity of it amuses we realize she's serious; she's inviting Sarah to sympathize sufficiently with her situation to forgive and, though we obviously can't expect her to accept, we may also feel that Sarah, having been protected by her class all her life, is being a bit ingracious in responding with blows ("Obviously, you still have some anger to expiate").
But Sarah has her own vulnerability as an (it has to be said) aging lover whose good sense sets her above the herd but also apart from sympathy; when she discovers Abigail in Anne's bed, her heartsickness could not be more genuine. As for the Queen, her capriciousness and cruelty are funny and sometimes shocking, but over time we come to understand it's based on severe emotional distress, caused by an understandable lack of trust in nearly everyone (and a feverish over-valuation of the few she does trust), and exacerbated by her royal isolation. I was especially struck by her bright, almost demented happiness at the wedding she hastily arranges for Abby and the poor dope Masham -- maybe because it's a rare occasion for her power to create joy.
The acting couldn't be better. Even at Abigail's shittiest, Emma Stone's face can show an almost childlike openness (I don't recall noticing how big and blue her eyes were before); Rachel Weisz employs the full force of her natural magnificence to o'erween without losing our rooting interest. Olivia Colman does that too, but in the manner of a baffled, spoiled child who can find no comfort and yet must still do her sums and read her speeches.
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