You may not have thought it, but according to antiques experts, IKEA is the place to make a serious interiors investment right now.
If you’re a regular costumer, you may be familiar with the Swedish furniture company’s flatpack table, the Lövet. Originally launched in 1953, the product was the first of its kind at IKEA and quickly proved popular among shoppers before it was eventually discontinued.
However, earlier this year it was announced that the minimalist table – created by Sweden’s most successful designers, Gillis Lundgren – would be re-released as part of IKEA’s ‘Re-imagined Classics’ collection to celebrate the company’s 75th anniversary.
View this post on Instagram
Cult item for any midcentury lover, IKEA Lövbacken side table (born as Lövet in 1956), is actually quite good for nordic flatlays too. // Если бы пришлось выбирать между скандинавским стилем и мид-сенчери, я бы выбрал скандинавский мид-сенчери 👌📺 #ikea #lovbacken #midcentury #midcenturymodern #lifestyle #design #scandinavian #scandinaviandesign #catenelsonwatches #scent #scentoftheday #greyflannel #geoffreybeene #cerealmag #flatlay #stilllife #styleblogger #photographer #photographermoscow #minimalism #vsco #vscorussia #vscomoscow #минимализм #фотограф #раскладка #предметка #предметнаясъемка #предметныйфотограф #предметныйфотографмосква
Renamed the Lövbacken, the table is currently being sold for its original retail price of £45 – but that’s not all. Ahead of it’s relaunch, antique experts at Swedish auction firm Barnebys identified the product as a future classic – so much so that they believe the bargain table could be worth between £1,000 and £1,800 by 2030, and as much as £5,000 by the year 2040.
Pontus Silfverstople, co-founder of Barnebys, took to the auction house’s blog to explain, saying: ‘In the same way that many international companies have continued to produce their “classics” for many decades, IKEA is set to re-release one of its most iconic items for a limited time only – the Lövbacken side table.’
He continued: ‘Selling for thousands at some of Sweden’s leading auction houses, the Lövbacken has become a collectible for the most discerning of furniture experts, I wouldn’t be surprised if the development in its value would look like this in the future.’
Similarly, the company’s head of collections, Jared Sager, said: ‘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.’