In 1895, Oscar Wilde (1854-1900) was the most famous writer in London, and Bosie Douglas, son of the notorious Marquess of Queensberry, was his lover. Accused and convicted of gross indecency, he was imprisoned for two years and subjected to hard labor. Once free, he abandons England to live in France, where he will spend his last years, haunted by memories of the past, poverty and immense sadness.

Set against the glamorous backdrop of Britain's roaring '20s, The Laureate tells the story of young British War Poet Robert Graves, who is married with four children when he meets and becomes romantically involved with Laura Riding, a writer from America. Defying the conventions of polite society, Riding moves in with Graves and his wife living as a menage a tois. Then with the arrival of strappingly handsome Irish poet Geoffrey Phibbs, the arrangement becomes a menage a quatre. But soon tensions and rivalries become so fraught that Graves is a suspect for attempted murder.