The Latest in Luxury Design for 2023

The Latest in Luxury: Timothy Corrigan on Design Trends for 2023

 

One of the world’s leading tastemakers, Timothy Corrigan sits down with Mickey Alam Khan, President of Luxury Portfolio International® to discuss design trends across the global market.

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375 5th Ave S, #303, Naples, FL. Listed for $3,675,000. William Raveis Real Estate.

In 2023, the new luxury emphasizes how people are living in their home. The post-pandemic era brings back traditional values, the formal dining room, and privacy with a pop of color. Now is the time to invest in fine China, crystal, and silverware, from Saint Louis all the way to Baccarat.

This year, the affluent have grown to value the home as a private escape, by transforming living spaces into slices of high-class entertaining and paradise living. According to world-renowned interior designer, Timothy Corrigan, “2023 will be the return of the art-pop 60’s era, mixed with refined elegance, creating the much-desired classic eclecticism.” The once cold and beige interiors will transition to warmer whites with bright, colorful accent pieces.

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901 North Ocean Boulevard, Palm Beach, FL. Sold for $64,000,000. William Raveis Real Estate.

Leave behind the microtrends and begin to embrace mixing fierce prints with traditional chestnut hues. Embrace mixing jewel tones and neutrals with shapes that prioritize convenience, comfort, and the celebration of premier craftsmanship. Trade your silver fixtures for brass and bronze to elevate and add warmth to your kitchen.

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305 Indian Rock Road, New Canaan, CT. Listed for $3,299,000. William Raveis Real Estate.

In the past year, more people have chosen to return to formal dining by hosting intimate dinner parties. Because of this, there has been a demand for creating a warm and inviting dining space that remains traditional and fresh. It’s time to bring out your best cutlery and search for your next tableware set. Add an edge to the tablescape, by opting for interesting pieces that complement your current collection.

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1099 Pequot Avenue, Fairfield, CT. Listed for $13,900,000. William Raveis Real Estate.

Corrigan shared that along with entertaining guests in the home, many high-profile and affluent homeowners are also prioritizing safety. Not only are people adding fire alarms and air purifiers, but also hidden safe rooms. The safe rooms range from elaborate to basic; all remaining out of plain sight.

Looking ahead, sustainability is on the younger generations’ mind. Many designers and affluent homeowners have chosen to opt for high-quality turf in the gardens instead of grass, sod, or natural alternatives. Others are choosing composite stones and up-cycled wood to add personality and depth to the home.

Today’s luxury consumer is focused on creating a home that is both secure and functional. Homeowners are not sacrificing beauty for practicality. This new year, set your intentions to make even the smallest advancements to the interior, whether a striking sculpture or a fresh coat of paint on the cabinetry, it’s time to push the boundaries, entertain the abstract, and transform your home into a collective space that will endure time.

 

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