This coffee table looks relatively simple. It's made of several large pieces of hardwood that has been treated with a silver finish. But the San Francisco manufacturer of luxury furniture, Council Design, has really gone far beyond simple. In fact, the technique that makes this simple silver coffee table is a proprietary and painstakingly difficult process that makes this table worth all of the $42,000 you would pay to own one.
Just think, should I put a down payment on a house? No. Shall I buy a luxury automobile? Maybe. Instead, I'll get a coffee table. This is not likely to be found in IKEA any time soon.
Pricey Furniture
Keep Your Feet of My $42,000 Coffee Table
Trend Themes
1. Luxury Furniture - There is opportunity for disruptive innovation in luxury furniture market, particularly around unique and proprietary manufacturing processes.
2. High-end Coffee Tables - Designers can create high-end coffee tables with unique finishes and materials to capture market share in luxury interior design.
3. Exclusivity in the Home Decor Market - There is an opportunity to create exclusive and highly sought-after home decor items for affluent consumers.
Industry Implications
1. Furniture Manufacturing - Furniture manufacturers can innovate by developing proprietary production techniques or using unique materials to create high-end products that target affluent consumers.
2. Luxury Interior Design - Designers and artisans can cater to a niche market of affluent consumers interested in unique and exclusive high-end interior design pieces.
3. Home Decor and Accessories - By identifying unique materials and design elements, home decor companies can create exclusive and highly sought-after products for luxury consumers.