Immediate treasures: Snap up these six
Immediate treasures: Snap up these six contemporary classic pieces of furniture now and you might make thousands
If you have a penchant for gorgeous furniture you might turn your passion into serious cash thanks to brand-new copyright laws.
Legislation protecting the work of furniture designers has actually simply been tripled with reproduction licenses for their designs now only being offered for purchase 75 years after death, up from the original 25.
The change will make rates for initial mid-century design classics 'go sky high, as demand increases practically quickly', according to high-end furniture retailer Nest.co.uk.
This is because the new copyright law makes it illegal to make or sell copies of such designs until 75 years after the death of the designer, 'meaning people will be rushing to get their hands on originals again,' added the retailer.
Exactly what you buy today could be tomorrow’s nest egg, says Christian Hawley, founder and chief executive of Nest.co.uk, so it’s well worth keeping an eye out for this kind of furniture.
To help you recognize the pieces that could make you a little fortune - and a set of chairs that might bring in numerous thousands - over the next 20 years, Nest asked 20th Century and modern art and design specialist James Nurse at Chiswick Auctions in London for his leading choices.
1) Hans Wegner CH28 chair for Carl Hansen.
Price in 1951: 71.20.
Rate today (brand-new): 2,200.
Forecasted price in 2036: 12,000.
Products whose manufacturer has altered the fewest times are going to be great, says James. I think this will stay a design classic for many years to come.
2) Finn Juhl No. 45 chair.
Rate in 1951: 237.
Cost today (brand-new): 7,338.
Predicted rate in 2036: In excess of 20,000.
This is another preferred chair, says James. Early ones are very uncommon and the fact that there is no chance of a copy coming on to the market will imply that these chairs will be permanently popular.
3) Gio Ponti D. 555 coffee table.
Price in 1954: 80.
Rate today (brand-new): 1,996.
Cost in 2036: In excess of 10,000.
The rate of Gio Ponti's designs are ones that continue to shock at auction; they typically reach five or 6 figures.
4) Jean Prouve - Vitra Standard chair.
Rate in 1934 (for a set of 8): 68.
Cost today (brand-new, for set of 8): 4,376.
Rate in 2036 (for a set of 8): 20,000 however, an early set from the initial batch might go for as much as 1million!
Purchasers like to see the wear and age on chairs like this, James explains, so these will become more desirable with time and use. Not just will they serve you well, but they’ll be really good investments.
5) Louis Poulsen Artichoke Light.
Price in 1958: 250.
Cost today (new): 5,445.
Prince in 2036: in excess of 20,000.
The costs of these were increasing dramatically prior to being greatly copied, describes James. I expect to see this rise once again to in excess of 20,000 in 20 years' time.
6) Poul Kjaerholm PK22 chair.
Cost in 1957: 93.
Price today: 2,100.
Cost in 2036: 10,000.
The E Kold Christensen variations hold the very best cost, being the very first manufacturer, says James. This chair can just benefit from the new laws - the copies are much inferior to certified versions.