Japanese Blood Grass - a warm-season ornamental grass that is selected for its attractive, red-tipped foliage. It grows well in U.S. Department of Agriculture plant hardiness zones 5 through 9 and thrives in sunshine and moist soil. I think I might have to give this one a try.
Pinned this because of colour palette. Because of mobility issues, I have a lift chair covered in a wine coloured fabric (unfortunately not as rich as this chair) but it doesn't coordinate with anything in the room.