Can Luxury Furniture Be as Good of An Investment as Traditional Art?
For those of us that love exceptionally designed luxury furniture we of course feel our investment in beautifully designed furnishings, or “furniture as art” in our eyes, is an excellent one on a personal level, but could it be a good financial investment as well? And perhaps even a better investment than a work of traditional “art”?
Authentic Signed Gold Gilt Wheat Sheaf Table by Chanel
Research from the art and antiques platform Barnebys shows an increase in design pieces at auction post-recession, boosted by added accessibility thanks to e-commerce.
“Today anyone can get their hands on iconic design furniture for a very modest price, while international collectors continue to pay millions for furniture and design objects of the highest quality,” said Pontus Silfverstolpe, co-founder and head of content at Barnebys.
Bibliothèque Maison du Mexique by Jean Prouvé and Charlotte Perriand, c. 1952, Sold at Sotheby’s for $314,557
Guilt Mirror by KOKET
According to Silfverstople an “Increased awareness among consumers and a growing interest in interior design have led to a greater appreciation for well-designed, high-quality furniture which tell a story and add personality to an interior.”
Divine Armoire by KOKET
Noguchi Coffee Table by Isamu Noguchi, c. 1947
Elegant Curved Sofa with Teak Legs by Finn Juhl c. 1948
“Interior and furniture design are slowly becoming items of fine art,” he said. “In fact, design has, in a lot of cases been a better investment than, for example, art during the same period.”
Barcelona Chair by Mies van der Rohe, c. 1929
Eames Lounge Chair by Charles and Ray Eames, c. 1956
Pair of Modern Swivel Chairs, c. 1960
As consumers value uniqueness and luxury becomes more than just about cost but also about value and personal enrichment, more and more people are turning to furnishings and decor that is rare, one-of-a-kind or limited-edition.
If you are looking for stunning furniture art be sure to check out all that KOKET’s full collection of luxury furniture and lighting!