The $2,900 Bottega Veneta Intrecciato Felt Basket has a 9-month waitlist, signaling a paradigm shift in storage aesthetics. Luxury market insights:

• Materials Innovation:
  • Felt blended with silk threads for sheen
  • 24k gold-plated brass handles
  • Exotic leather linings
• Celebrity Influence:
  • Kim Kardashian’s custom blacked-out baskets for skincare vault
  • Elon Musk’s SpaceX office uses felt bins for prototype parts

“Luxury is now defined by discreet functionality,” says Sotheby’s Home director Claudia Brown. Christie’s recent estate sale featured a 1970s Piero Fornasetti felt basket fetching $8,400.