Michael says he found inspiration in the traditional interiors of the late great Sister Parish (Jackie O's decorator) and "the way her partner, Albert Hadley, would disrupt them with a touch of modernism." But Tracey gives convention an even more adventurous spin. "It's really a send-up of an Upper East Side salon," she says.

Color unifies objects of different eras. The coral elements that bounce around the room pull together this gilded 18th-century Spanish bench, the '50s Italian wing chair covered in scrolling Fortuny fabric, and the contemporary window shades in a bold awning stripe.