A pair of circa-1954 Gio Ponti lounge chairs, model 803, upholstered in blue velvet, achieved $15,000 plus the buyer’s premium in June 2022. Image courtesy of Los Angeles Modern Auctions and LiveAuctioneers
NEW YORK – (AP) It was all over the fashion runways. Women’s Wear Daily raved about Armani dresses in this material. Harper’s Bazaar called it one of 2022’s biggest trends. At Britain’s film awards, celebrities partied in Louis Vuitton, Ralph Lauren and Gucci versions. It’s even found its way down to casual wear, in jeans, T-shirts and slouchy overshirts. Once the luxurious material of nobility, velvet’s now a fashion favorite at both the private-label and mass-market level. And as often happens, what rides high in fashion ends up doing the same in home decor.