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In the fashion world there are scarves, and then there is the scarf. Queen Elizabeth II wore one for her postage-stamp portrait. Jackie Kennedy kept the Nantucket rain off her hair with hers. And when Grace Kelly broke her arm in 1956, she memorably knotted her scarf into a sling. With some squares priced over $2000, this is one of the costliest pieces of silk one can buy—a fact that does not keep the things from floating off the shelf at a rate of two per minute.

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