Wednesday night, my colleagues and I hosted a party at the gorgeous penthouse condo of architect Lars Peterssen (of Domain Architecture & Design) and novelist Robert Alexander (whose bestsellers include The Kitchen Boy) at The Edgewater on Lake Calhoun. You may have seen their place in our September Home Tours feature. We were celebrating our latest issue of Mpls.St.Paul Home and announcing that we will be taking the magazine to four times a year in 2009!  But we were also taking in the gorgeous architecture and interior design, which included some fantastic Odegard rugs.

Former Minnesotan Stephanie Odegard is one of the world's most respected names in the home furnishings industry. She's known not only for her gorgeous rug designs but for her commitment to social causes—including the Rugmark Foundation, for which she serves as a director. Rugmark strives to abolish child labor in India, Nepal, and Pakistan, where many of the world's carpets are made.

Odegard's rugs are pretty high-end, but this weekend the Minneapolis showroom is throwing a huge sale across the street from its North Loop storefront at 129 N. 2nd St. Store manager Chelli Ray tells me that rugs (upward of 1,000 of them), furnishings, and home accessories will be up to 80 percent off. And these aren't seconds—these picks are in perfect condition. It's the biggest and best sale they've ever had.

Although the rugs were still packed up when I visited the showroom a few days ago, I thought I'd share some photos of Odegard's furniture pieces. Some variations of these might be at the sale.

Incredible chests of drawers with metal decoration. This copper-faced piece features a Louis XV influence and is made in India.

This credenza's finish is silver. Metals and design details are completely customizable.

These pieces also feature a metal finish, but with more of a hammered texture.

Materials shift to stone for these side tables. The gorgeous designs are carved from single pieces of marble.

The prices are as good as they get, the offerings unlike anything else you'll find in town. Check it out this weekend!