Woodgraining is an artist's technique for creating the look of fine woods like mahogany. After two coats of a base color, brush on a mixture of colored tint with glazing liquid. Feather a darker glaze into the wet ground to simulate flame mahogany. Blend with a soft badger brush. Finish by rubbing in bowling alley wax with fine steel wool.
For more on finishes, consider:
Radio: Faux Woodgraining
Applying Decorative Painting Techniques (VIDEO)
8 Ways to Distress, Age, and Gild Your Next Project