A Classic $60 Ikea Table Could Eventually Be Worth Thousands — Do You Own It?
A humble Ikea table could be the best investment you ever make, according to antiques experts.
Earlier this year, Ikea announced plans to re-release a number of its most iconic and best-loved pieces as part of the Re-imagined Classics collection, which will mark the brand’s 75th anniversary. With the products now set to arrive in stores, experts at Swedish auction firm Barnebys have already identified the three-legged LÖVBACKEN side table (known as the LÖVET when it was initially launched) as a future classic. Costing just $60 and available in flat pack, a Barnebys blog post speculates that the table could be worth up to $2,315 by 2030, and as much as $6,429 by 2040.
(Photo Credit: Grazia)
The leaf-shaped LÖVET table is a classic mid-century piece that first appeared on Ikea shelves in 1953. Apparently, it has always proved popular with shoppers. When it eventually went out of production, original LÖVETs managed to fetch thousands at auctions in Sweden.
According to antiques expert and Barnebys co-founder Pontus Silfverstolpe, it is “a wonderful little table with a fantastic heritage, created by one of Sweden’s most successful designers, Gillis Lundgren. 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 [continue] in the future,” he concludes.
Fans of the mid-century aesthetic should also look out for another product in the Re-imagined Classics line-up, the EKENÄSET armchair, which features the dark wood and clean lines that characterized the era’s interiors. As with the LÖVBACKEN, it arrived in stores this month. Later in the year, the brand will re-release yet more old favorites, this time from the ’70s down through to the ’00s.
This article was originally written by Katie Rosseinsky. For more, check out our sister site, Grazia.
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