I am having an affair with gilt statement mirrors. I have always been a gold fanatic and was mesmerized by the excess of ornate Baroque gilt in Paris and at the Château de Versailles in particular. I love mirrors so much that I am even an adamant supporter of mirrored walls. My grandmother, who was a designer and had ridiculously fabulous taste, mirrored her entire front entranceway and it was so posh and grand (and even a bit whimsical — like a room that could have come from Alice's Wonderland).
Large mirrors work well in any type of space. A mirror can accentuate the grandeur of a larger room and can make a small space appear larger. If you hang a mirror near a window, the natural light will maximise the light in the room. Gilt mirrors in particular look stunning hung on gray walls (have I mentioned how much I love gray walls?). And although gilt has a decidedly antique effect, a statement mirror can work well even in a modern home.
A French Louis antique gilt mirror can cost a few thousands. If you cannot afford the real thing, have one custom made in the same style. Howard's in Sliema does custom size mirror framing — you can choose a gilt frame and have the mirror set for less than €100.