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This iconic Ikea table could one day be worth $9000

Hold onto this one if you've got it!

One of Ikea’s most iconic flat-packs has been predicted to one day be worth almost 100 times its original value.

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The simple LÖVBACKEN side table, which retails for $79, was created by the Swedish furniture giant in 1953 as its first ever flat-pack product.  

According to Barnebys.com, since its launch the three-legged table has sold for thousands of dollars in some of Sweden’s leading auction houses. 

ikea table
(Credit: Ikea)

Barneby’s, which is one of the world’s leading search engines for art, antiques and collectables, predicts the re-release of the table could see its value explode to as much as $3160 in 2030 and $8775 in 2040. 

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The site wrote, ‘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.’

The LÖVBACKEN features solid beechwood legs with a light brown fibreboard table top and is currently available to purchase in Australia – but only for a limited time.

In June, Ikea announced it would phase out all single-use plastic products by 2020 across its stores worldwide. 

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This means Ikea will stop selling single-use plastic products including straws, plates, cups, freezer bags, garbage bags and plastic-coated paper plates and cups. This new initiative will also take effect across all Ikea’s restaurants. 

Related: Do you know what IKEA really stands for?

Related: Three new Ikea hacks you just have to try

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