Red Iris Flower

The Red Iris Flower appears randomly in most explorable areas in Pre-Searing Ascalon. It can be plucked from the earth and can be sold for 5 Gold coins. You can also give them to the little girl Gwen (along with a few other items: a Small Girl's Cape, and a new Flute) and she will eventually give you the quest item Tapestry Shred.