The Budapest Museum of Applied Arts holds around 50 old tapestries, most of them are French and Flemish works from the 16th to 18th century. The majority of the wall-hangings depict biblical and mythological scenes but there are also some verdure tapestries. The collection was established by the director of the museum Jenő Radisics who in 1908 purchased two wall-hangings made in 1528 in Enghien in Henri van der Lacke’s workshop, displaying the arms of Margaret of Austria (inv. nr. 14764–14765). Another significant early work in the collection is the tapestry depicting the Nativity scene, made ca. 1520 in Brussels in the workshop of Pieter van Aelst (inv. nr. 18328). The museum also holds a few sets of wall-hangings, the most significant of them are the 4 so-called Medici tapestries depicting putti playing with the emblems of Pope Leo X of the Medicis (inv. nr. 20000–20003). These were made ca. 1635 in Rome as replicas of the original wall hangings carried out around 1520 for the Vatican palace.

Beside the early works the museum holds around 50 art nouveau and modern tapestries from the interwar period. These include the works of the Gödöllő art colony, Frida Hansen and Otto Eckmann equally, furthermore some major works of Noémi Ferenczy, such as Creation (inv. nr. 13744) and The Flight into Egypt (inv. nr. 15644).