This study describes the catalytic performance of an iron(III) complex bearing a phthalocyaninato-like ligand in two solvent-borne and two high-solid alkyd binders. Standardized mechanical tests revealed strong activity, which appeared in particular cases at concentrations about one order of magnitude lower than in the case of cobalt(II) 2-ethylhexanoate, widespread used in paint-producing industry. The effect of the iron(III) compound on autoxidation process, responsible for alkyd curing, was quantified by kinetic measurements by time-resolved infrared spectroscopy and compared with several primary driers. Effect of the drier concentration on coloration of transparent coatings was determined by UV–Vis spectroscopy.