The popularity of masquerade parties with the super rich of Paris in the late-1920s stressed the “fancy” in fancy dress.
This amazing ensemble was designed by Lanvin in 1926 for Polish opera singer Ganna Walska, who at the time was generally considered one of the most beautiful women in the world. This fact proved extremely important to Walska’s career as she apparently had a terrible voice and spent the majority of her career using her looks to ensnare of series of six increasingly wealthy husbands.
Miss Walska can be seen wearing the ensemble here.