This Ikea table could be worth a fortune in years to come
To celebrate its 75th birthday, Ikea has re-released a handful of its most iconic products which have stood the test of time in terms of quality and design. And these limited edition pieces could be worth holding on to.
The LÖVBACKEN (previously LÖVET) side table is one of the items that has returned as part of the 'Re-imagined Classics' collection. The statement design with only three legs was Ikea's first flat-packed product when it launched in 1956, but has been re-released this month alongside four other pieces. According to some experts, the £45 table could be worth thousands in decades to come.
BUY NOW LÖVBACKEN side table, £45.00, Ikea
Barnebys, a Swedish-based auction listing website, has predicted that the unique style could be worth between £1,000 - £1,800 by 2030, with the estimated value rising to between £3,000 - £5,000 in 2040. Although it's a bit of a waiting game, Ikea's original designs from the 50s and 60s have a good track record when it comes to an increase in value.
'Selling for thousands at some of Sweden's leading auction houses, the LÖVBACKEN has become a collectible for the most discerning of furniture experts,' Barnebys co-founder Pontus Silfverstolpe wrote in a blog post on the brand's website. 'I wouldn't be surprised if the development in its value would look like this in the future.'
Ikea's RÅANE armchair (previously JÄRPEN) is also being re-released in stores this autumn after the retailer noticed a 'huge demand' for the mesh design on the second-hand market.
'In recent times, we’ve seen a selection of Ikea’s most iconic designs become sought-after collectibles in auction houses across the world, commanding prices up to ten times higher than their launch price,' Jared Sager, head of collections at Ikea commented.
Among the other 20th century furniture designs highlighted by Silfverstolpe are Knoll's Tulip High table, which sells for around £3,000 today but is expected to double in value over the next 20 years. The Axiom Bench from American interiors company Bernhardt has also been described as a 'future classic'. More proof that even if you prefer contemporary styles, they still have great staying power.
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