An aqueous coating composition comprising an autoxidizable polyester resin having ≧30 wt % of fatty acid residues; a Tg in the range of from −60° C. to +35° C.; an acid value greater than 15 mg KOH/g and less than 75 mg KOH/g; a Mw in the range of from 2,500 to 100,000 g/mol; the composition having a co-solvent content less that 15 wt % by weight of total composition; a solids content >30 wt %; and when in the form of a film, the composition has a telegraphing value of less than 20 gloss units.