Peonies are perennials and are known to live for decades, even generations. The blooms are outrageously beautiful, producing lush, glossy green foliage all summer long, turning purplish or gold in the fall. Itoh type Peonies are bred by cross breeding herbaceous type Peonies with tree Peonies, creating a new hybrid. In the old days they sold for as much as $1,000.00 each, but these days are much more affordable. They are somewhat more expensive to propagate, but well worth the investment in your garden. Itoh Peony Pastel Splendor is a mid season bloomer with pink and white flowers atop strong stems and bushy foliage. Known for its huge flowers. Leaf color changes throughout the season. As a hybrid it combines the best qualities of its parental varieties.