Could YOUR old IKEA furniture be worth a fortune?

Could YOUR old IKEA furniture be worth a fortune? Armchair that cost £20 in 1959 sells for £15,500 at auction

  • IKEA armchair worth £20 sold for £15,500 at auction
  • The Cavelli armchair was purchased from the Swedish furniture store in 1959
  • Some Famous Ikea Designs From Famous Artists May Become Collectibles

IKEA furniture is turning into antiques after a £20 armchair sold for £15,500 at auction.

The Cavelli armchair, which is just one of five made in this style, was purchased from the Swedish furniture giant in 1959.

As well as the chair, a £2 wall print, recliner and other armchairs also made big money at the Bukowskis sale.

IKEA furniture is turning into antiques after an unusual £20 Cavelli armchair by Bengt Ruda (pictured) sold for £15,500 at auction

Other IKEA items also sold for several times their original price under the hammer.

Customers of the flat-pack giant are urged not to give up their furniture, as keeping and selling the items could pay for their children’s college fees.

A print titled The girls go in the ring, which was made for IKEA in 1972, sold for more than 100 times its original price of £290.

A pair of Skopa armchairs designed by Ole Gjerløv-Knudsen and Torben Lind and bought for less than a five sold for £210.

Lars Norrman's £2 multi-print titled

Lars Norrman’s £2 multi-print ‘Girls Go To The Ring’ was made for Ikea in 1972 and recently sold for £290

Karin Mobring's £16 armchairs named Admiral were designed in 1971 and a pair sold at auction for nearly £1,200

Karin Mobring’s £16 armchairs named Admiral were designed in 1971 and a pair sold at auction for nearly £1,200

A £4.50 pair of Skopa armchairs, designed by Ole Gjerlov-Knudsen and Torben Lind, sold for £210

A £4.50 pair of Skopa armchairs, designed by Ole Gjerlov-Knudsen and Torben Lind, sold for £210

Another £8 Åke armchair from the late 1950s sold for an astonishing £2,836.

Pontus Silfverstolpe, antiques expert and founder of Barnebys, said: “The fortunes of flat packages continue to surprise the auction world, but we have more highs to look forward to.

“It is especially designer furniture from the 50s and 80s from Ikea that is increasingly expensive on the second-hand market.

“The furniture that attracts collectors and design enthusiasts the most is that it is innovative models for their time, made of good materials and in limited edition or in the period of manufacture.

Designer Niels Gammelgaard's £23 armchair called Oti designed in 1986 sold at auction for £875 in 2016

Designer Niels Gammelgaard’s £23 armchair called Oti designed in 1986 sold at auction for £875 in 2016

Vintage: In April 2022, Ikea's £8 Åke armchair from 1958 sold for £2,863 at auction

Vintage: In April 2022, Ikea’s £8 Åke armchair from 1958 sold for £2,863 at auction

This chair known as the Impala was designed for Ikea to sell for £80 in 1972, sold at auction for £2,000

This chair known as the Impala was designed for Ikea to sell for £80 in 1972, sold at auction for £2,000

A £160 Skye recliner was designed for Ikea in the 1980s. As of September 2020 the recliner sold for £770

A £160 Skye recliner was designed for Ikea in the 1980s. As of September 2020 the recliner sold for £770

“Some of these famous Ikea creations by top artists can be considered collector’s items and have become hard currency at auction.

“It wouldn’t surprise me if, over time, some of this furniture ended up in one of the greatest design museums in the world.

“Ikea founder Ingvar Kamprad has been our greatest role model for Swedish entrepreneurship for decades.

“In the same way that he democratized an entire industry in its quest to furnish people’s homes, Barnebys’ ambition is to democratize the auction industry and lead the world to buy sustainable furniture and quality on the secondary market at a time when excessive consumption is questioned.

A modest pair of Ikea's 1990s 18th Century series armchairs have sold at auction for £2,150

A modest pair of Ikea’s 1990s 18th Century series armchairs have sold at auction for £2,150

A dining group in the 1960s Monaco model sold for £412.  Original price per chair £5

A dining group in the 1960s Monaco model sold for £412. Original price per chair £5

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