According to her Wikipedia article, Elsie de Wolfe could be called the mother of interior design. She was also an actress. Her first commission, The Colony Club, came around 1905, not long before this photo was taken. Otto Sarony was an American celebrity photographer who took over the family business from his father Napoleon Sarony.
From littleaugury.blogspot.ca/search/label/Elsie%20de%20Wolfe; enlarged one fifth. Also posted to the Celebrities wearing Lucile Albumette here.