Abstract: Pennants of high quality have first and second exposed layers preferably with a stiffener layer disposed therebetween and bonded thereto. Appliqués are applied to the first layer, the appliqués being in the form of embroidered images of graphic art works or photographs. Direct embroidery is also applied to the first layer. In an embodiment of the invention the embroidered images are embroidered reproductions of photographs which may be applied to the first layer with the pennant either having or not having other layers. The pennant may be mounted in a rigid frame having a triangular shape or rectangular shape.