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|Ab urbe condita||2241|
|Balinese saka calendar||1409–1410|
|English Regnal year||3 Hen. 7 – 4 Hen. 7|
|Chinese calendar||丁未年 (Fire Goat)|
4184 or 4124
— to —
戊申年 (Earth Monkey)
4185 or 4125
|- Vikram Samvat||1544–1545|
|- Shaka Samvat||1409–1410|
|- Kali Yuga||4588–4589|
|Japanese calendar||Chōkyō 2|
|Minguo calendar||424 before ROC|
|Thai solar calendar||2030–2031|
1614 or 1233 or 461
— to —
1615 or 1234 or 462
|Wikimedia Commons has media related to 1488.|
- January 8 – The Royal Netherlands Navy was formed, by the decree of Maximillian of Austria.
- February 3 – Bartolomeu Dias of Portugal landed in Mossel Bay, after rounding the Cape of Good Hope at the tip of Africa, becoming the first known European to travel this far south, and entering the Indian Ocean.
- February 28 – Choe Bu (1454–1504), the Korean Commissioner of Registers for the island of Cheju, shipwrecked on the south east coast of China in Taizhou, Zhejiang, during the Ming Dynasty. From then until July 12, he and his crew were hosted by Chinese military courier officers to travel along the Grand Canal of China, all the way to Beijing, and then finally back across the Yalu River into Korea. His written commentary on Chinese customs, foreign and domestic trade, and transport in places such as Hangzhou and Suzhou, are valuable records of Ming era culture and commerce.
- June 11 – Battle of Sauchieburn: James IV of Scotland became king.
- July 28 – Battle of Saint-Aubin-du-Cormier: Troops loyal to King Charles VIII of France defeated rebel forces led by the Dukes of Orleans and Brittany in the main engagement of the Mad War.
- September 9 – Anne of Brittany became Duchess of Brittany at the age of 11. Her marriage to King Charles VIII in 1491 effectively ended Breton independence from France.
- Jasper Tudor, 1st Duke of Bedford, took possession of Cardiff Castle.
- Michelangelo Buonarroti became apprentice to Domenico Ghirlandaio.
- The city of Bikaner in western India was founded by Rao Bika.
- Rathbornes Candles was established in Dublin; the company would still be trading into the 21st century.
- January 6 – Helius Eobanus Hessus, German Latin poet (d. 1540)
- January 20
- March 19 – Johannes Magnus, last Catholic Archbishop of Sweden (d. 1544)
- April 16 – Jungjong of Joseon (d. 1544)
- April 21 – Ulrich von Hutten, German religious reformer (d. 1523)
- May 1 – Sidonie of Bavaria, eldest daughter of Duke Albrecht IV of Bavaria-Munich (d. 1505)
- May 5 – Lê Uy Mục, 8th king of the later Lê dynasty of Vietnam (d. 1509)
- May 7 – John III of the Palatinate, Administrator of the Bishopric of Regensburg (d. 1538)
- June – Heinrich Glarean, Swiss music theorist (d. 1563)
- June 29 – Pedro Pacheco de Villena, Spanish Catholic cardinal (d. 1560)
- July 15 – Juan Álvarez de Toledo, Spanish Catholic cardinal (d. 1557)
- October 17 – Ursula of Brandenburg, Duchess consort of Mecklenburg-Schwerin (d. 1510)
- December 1 – Elisabeth of Nassau-Dillenburg, Countess of Wied, German noblewoman (d. 1559)
- December 15 – Ferdinand, Duke of Calabria (d. 1550)
- date unknown
- April 1 – John II, Duke of Bourbon (b. 1426)
- April 14 – Girolamo Riario, Lord of Imola and Forli (b. 1443)
- May 9 – Frederick I of Liegnitz, Duke of Chojnów and Strzelin from 1453 (b. 1446)
- June 11 – King James III of Scotland (b. c. 1451)
- July 18 – Alvise Cadamosto, Italian explorer (b. 1432)
- July 28 – Edward Woodville, Lord Scales (at the Battle of St. Aubin-du-Cormier)
- September 9 – Francis II, Duke of Brittany (fell from a horse) (b. 1433)
- September 13 – Charles II, Duke of Bourbon (b. 1434)
- date unknown