Caricature and comics are elastic categories. This essay treats caricature not as a type or aspect of comics but as a window through which we can view comics in relation to the broader European visual art tradition. Caricature is exaggeration. But all art exaggerates, insofar as it stylizes. Is all art caricature, since all has ‘style’? Ernst Gombrich’s classic Art and Illusion comes close to arguing so. This article conjoins critical reflections on Gombrich’s discussion of ‘the experiment of caricature’ with a survey of art historical paradigm cases. It makes sense for comics to emerge from this mix.