Welded Chair Sells for $29,000
Going Like Sixty — March 2, 2008 — Art & Design
References: vivre
Chair worth $750 sells for $29,000. How does that happen? When you take 1500 half-dollar coins and make 7000 welds to form the money into a curveacous 50 cent piece of furniture. There is no form supporting the coins. Think Ole Fitty new about this? The chair weigh 58 pounds. The minimal frame and legs are stainless.
Implications - This welded chair made out of coins shows that consumers will pay more for products that are unique and creative. Consumers are on a constant a quest to be different from each other and businesses should be on a constant quest to be unique and creative to set them apart from their competition.
Implications - This welded chair made out of coins shows that consumers will pay more for products that are unique and creative. Consumers are on a constant a quest to be different from each other and businesses should be on a constant quest to be unique and creative to set them apart from their competition.
Trend Themes
1. Unique Furniture - The welded chair made out of coins shows that consumers are willing to pay more for unique furniture pieces, creating an opportunity for businesses to innovate in this space.
2. Creative Product Design - The popularity of the coin chair highlights the desire for creative, unconventional product designs, showcasing an opportunity for businesses to differentiate themselves in the market.
3. Premium Pricing - The coin chair demonstrates that consumers are willing to pay a premium for highly unique and innovative products, leading to a potential avenue for businesses to charge higher prices for such products.
Industry Implications
1. Furniture - The coin chair falls under the furniture industry and presents an opportunity for businesses to create disruptive products that cater to consumers' desire for unique furniture pieces.
2. Product Design - The coin chair's success shows that there is a market for creative and unconventional product designs, opening opportunities for businesses to innovate in this space.
3. Luxury Goods - The coin chair's high selling price suggests that there is a market for premium priced, luxurious products, paving the way for businesses to cater to this high-end consumer segment.
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