I like second plan! That space will fit the wardrobe perfectly. Take all colors from the art. The colors can be lighter or darker than the colors you see in art. Take "Venice" with you to paint store and they might be able to help you choose good colors. Idea: paint four walls the same and see if you like that. If you feel the room lacks interest, then paint the accent wall. Choose a pale green that harmonizes with "Venice" and a darker green accent. Yellow + red accent White + blue accent

This Cabinet is $155 at Ikea. You could take the 4 items you had hung, and put them in a "shadow box", or individual deep frames to tie then together, to create I piece that looks more substantial on the wall, Then add a little ledge for photos, and you would even have room on the cabinet for the cool bottles that were on the floor, and that cool chest could definitely find a home as an end table, or entry table. You could also add a larger plant in a really nice pot in turquoise. The cut and paste renditions arent always completely accurate in scale.

OK... but the wire wont be lower as it is fixed now. The wire in the pics below is the wall facing each other. They were leveled on equal height but the beam on one wall makes it seem a little above. But i think you guys are absolutely right that up and down lights wont look good there. I think you are right about down lights lessismoore. Would it look good if i go with two different lights on opposite walls??? it would look odd right.

You don't have to give up your beloved pink. Pink, brown and grey are doable. I googled pink and grey living room and saw some great pictures. Maybe get a large carpet that pulls out the pink (must match the same shade of pink). Then place your beautiful little pink and cream Kashmir(?) carpet over it. Also pull that same pink into sofa pillows. And a similar pink and brown Tablecloth for the dining table will pull the colours together. Just need to make sure all the pinks are the same shade with small accents/border of the same brown and grey from the sofa. Solid colours or subtle designs will be easier to coordinate than bold dramatic prints. These 2 are not the right shade of pink but you get the idea, I hope. Carpets with tone on tone pattern. A dusty rose on one wall would be nice too.