In this paper, a novel scheme of two-stage multiview image compression is proposed to create two-level reconstructed quality. Differently from the conventional multiview image compression algorithms, SIFT (Scale-Invariant Feature Transform) features matching from interview images are exploited to remove the correlations between multiple views. In the first stage coding, SIFT and RANSAC (RANdom SAmple Consensus) algorithms are combined to calculate the correlation matrix of interview, which then can be developed to obtain the coarse reconstruction of the current view. In the second stage coding, the reconstructed quality can be improved further by using the residual information. The experimental results have shown that at higher compression ratio, the proposed scheme can obtain better rate-distortion performance than intra coding in MVC (Multiview Video Coding). Furthermore, with the change of the compression ratio, the proposed scheme can achieve more stable reconstructed quality.