You have very high walls so I would do a tall wainscot on the walls to create some warmth and decoration at the same time. Take everything off the walls and remove all the small little shelfs and decorations, leave only the big furniture. Then start over with the wall decor. Need some bold statements to create some balance and interest but not clutter. Add some larger shelves if you need shelves, something hefty and interesting. It's hard to see wall color and how it works with the upholstery. Do you need all that furniture in the space? I would thin it out. Remove one of the sofas and place the chairs across from the other one. Open up the space in front of the window. Add a sofa table behind a sofa along the wall and decorate it with a couple large vintage style lamps with some accent color (pull a color from the rug that you like) on each end and tablescape the middle of the table. Add a huge mirror above Bring that same accent color into the space with some bookshelf decor but not cluttery. I am not a fan of the drapes; something more neutral in a grommet panel style that can easily be opened. Hang them at the ceiling. They will look really nice because they create nice gentle folds if the fabric is a bit heavy for weight. Good luck [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=]

Thank you for your suggestions everyone. I am going to layer it with another solid rug and use it in the living room. My living room neds a bit of colour and I thought this would be perfect. Breaks my heart to think that I may have to put it elsewhere.

Here's an idea for a small bar in a corner that you could close off with beautiful draperies. The second photo shows a pretty bar cart which could hold the necessary items, and the third photo is of a simpler butler's tray.

Funky! :) I'm not too keen on the flower arrangements, but I do like how the other elements are put together and lighting is done. Can't debate over taste, but it looks well assembled. My advice would be to keep it simple. Less is often more.