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Brief Published: 23 Sep 2021

Collectible Furniture Sales Soar in Luxury Market

Extra
Faye Toogood

A new report from US luxury e-tailer 1stDibs has found that wealthy consumers are buying rarer and more collectible product than ever before. These findings signal a growing appreciation for timeless investment pieces and a less-but-better approach in luxury spending.

In honour of its 21st anniversary, 1stDibs – a digital marketplace selling high-end furniture, home décor, art, jewellery and fashion – released the Luxury E-Commerce Report. Building on sales data, the report highlights that 2020 has been the business’ strongest performing year yet – with sales exceeding $342.5m, a 23% increase on the $279m turnover in 2019.

Not only are consumers spending more, but there are also more buyers in general, with the site recording 58,000 active shoppers in 2020, an increase of 27% from the 46,000 in 2019.

With regards to individual products, in a year where many have had to shift to working from home, it is no wonder that desks top the 10 most searched for items – with mirrors, sofas, benches, consoles, bar stools, rugs, dining chairs, coffee tables and daybeds following.

For the luxury segment, the report suggests that people are seeking out rare and timeless pieces from the industry’s leading names. American husband and wife duo Charles and Ray Eames’ Soft Pad Group office chair, British designer Faye Toogood’s Roly Poly armchair, Japanese-American designer Isamu Noguchi’s Akari light sculpture, Italian goliath Ettore Sottsass’ Ultrafragola mirror and French heavyweight Charlotte Perriand’s CP-1 wall lights are among the best-selling products of 2020.

Indeed, the most searched designers – Charles and Ray Eames, Milo Baughman, George Nakashima, Charlotte Perriand, Pierre Paulin and Hans Wagner – are all mid-century icons, illustrating the market’s unceasing love of vintage design.

In line with this, brands are releasing a slew of retro-inspired pieces and vintage reboots across furniture, crafts and wallpaper, with quality materials and time-tested designs promising to last for generations to come.

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Faye Toogood Roly Poly armchair
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Ettore Sottsass Ultrafragola mirror
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Isamu Noguchi Akari light sculpture
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Charlotte Perriand CP-1 wall lights
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Charles and Ray Eames Soft Pad Group office chair
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