Taylor Swift has been spotted wearing a velvet dress, described as burgundy or maroon, on an appearance on The Late Show With Stephen Colbert. The dress has been reported to be a mini dress with dramatic sleeves, and its price has been variously described, with some outlets reporting it to be available for as low as $41, while others have valued it at nearly $1,700. The outfit has drawn attention for its chic and luxurious style, paired with notable accessories.