Runway shows are an integral part of showcasing fashion as wearable art and not just consumer goods. The models, how they portray the clothing, the music, and the venue come together to make a designer's idea come to life in a way that photos just can't.
Equestrian sport is an interesting example of old ways meeting the new. Name another sport in which the official uniform is a tailcoat. Could apparel be comfortable to the point of not noticing its' existence, and still have a polished overall look?