CPD -48 deg 1577 - The brightest known cataclysmic variable

The discovery is reported of a V = 9.4 mag star which has the properties of a cataclysmic variable. Its UBV colors are similar to those of UX UMa, and its brightness fickers with an amplitude of the order of 0.1 mag. Larger brightness variations (0.5 mag) are found on a time scale of years. Its spectrum is characterized by extremely weak absorption lines of He I and He II, as well as extremely broad, shallow lines of H. A broad K line is very weakly present in absorption. Emission cores with a very slow decrement are seen in the H lines. From a comparison with the known properties of other cataclysmic variables, the distance, reddening, and mass exchange rate are estimated. The space density of cataclysmic variables is also estimated, since the original spectroscopic survey is complete to magnitude B = 10.0.