Tallinn's dance of death, part 3 (276 KB).
The king and "his" Death are on a separate canvas, which was in a very bad condition before the restoration. It's very easy to see where the two canvasses are joined to the left of the king: The landscape doesn't fit together and gives the impression that a piece is missing. This is not the case, however, since the text-scrolls beneath the painting are intact.
It looks like the king is raising his sceptre as a baton to lead this part of the procession.
The text from the painting has been written down and translated under the photos of the painting from Lübeck.
Dansk 
Lübeck's dance of death
Tallinn's dance of death
Part 3
Alternate spellings: tailinn tallin talinn reval revaler niguliste nikolaj nikolai st. nicholas