Can't tell if the rack is centered/aligned with the chandy or not. That's what I would do. Then put a fern in the plant stand on the floor. Remove that other hanging item entirely.

Do you have any art? The fruit, wine and flowers give me a rustic European countryside feel.

What is a Devore?

Decore!

Look for a shallow cabinet to put underneath the wine rack (which does look like it needs to be centered on that wall). The cabinet could have some additional wine storage, place to store wine glasses, etc. Basically create a little "wine nook" in this area. Maybe some small wine themed art on either side of the rack.

When I'm faced with a situation like this I like to do a bunch of window shopping looking for something that catches my eye and then work from there. In your case the wine rack would be the jumping off point.