I am trying to model this seat with the wrinkles. Is cloth simulation the best way to do it? Any suggestions would be sincerely appreciated.
Blender 2.83 got a new brush, the cloth brush. You can use that one to sculpt wrinkles. If you google for it, you will find plenty of tutorial and demos. For such a seat I usually wouldn’t go for a simulation,. Even if you want to do an animation with a character sitting down, the viewer wouldn’t see any dynamic movement of the cloth.