Ascot ties descended from the cravat. It became a separate entity sometime in the 1880s when upper-middle-class European men began to wear it on formal morning (i.e., daytime) occasions. One of these events, the Royal Ascot race meeting at the Ascot Racecourse, gave the ascot its name. The ascot was also commonly worn for business in the late 19th and early 20th centuries. In the United States, "ascot" is another name for a cravat.
Our Ascot ties are made of a Satin Jacquard with velcro closure and a great complement to many of our Victorian costumes and outfits.