Vintage furniture set prices are now being raised by almost 10% in London and the city is home to some of the worlds largest collections of vintage furniture.
A range of products are available to buy including beds, chairs, couches, tables and lamps.
However, a range of brands have been found to have prices at a premium due to the global supply chain and high production costs.
Some products have been sold for hundreds of thousands of pounds, while others have seen prices go as high as £2,000.
“There is a very strong sense of ownership that we have with our furniture,” says Mark Woodman, senior director at the London furniture and accessories business, B&M.
“Our customers love the fact they are able to bring their own equipment in and have it available to them.” “
The furniture can be ordered online, but it is more expensive if you buy in-store. “
Our customers love the fact they are able to bring their own equipment in and have it available to them.”
The furniture can be ordered online, but it is more expensive if you buy in-store.
Mark Woodmen says that a lot of the furniture that is in the stores is in good condition and that there is no way to tell whether it is from a previous owner.
“They will say they were bought by a previous owners, or they have just got new furniture,” he says.
“Some of the time it is a bit of a mystery because it is so new and there is just nothing there.”
The average retail price of a table is £1,500, and a sofa for £700.
“It’s like having an amazing set of tools and being able to put them together,” says Mr Woodman.
The high prices are due to supply chains and demand for the products.
“In many ways, the prices of the products we sell are based on supply chains,” says B&Ms chief executive Chris White.
“And the more you know about the supply chain, the more attractive the price will be.”
The prices are set by the manufacturers, but Mr Woodmans says they have the final say.
“If we see a product in a store, we look at what we’re selling,” he explains.
“This is a really complicated supply chain.
If we see it in a warehouse, we see what they have produced, but we’re not there yet.”
B&Is director of research Mark Woodmans, left, and chief executive of the London office of the B&N furniture brand, Chris White, discuss the value of the vintage furniture and their relationship with the manufacturer, B &N, at the B+N Centre in London.
“The manufacturers are in charge of their supply chains.
They can control prices,” he adds.
“But we’re all on the same page.”
Mr Woodsons own furniture company is a partner of B&Ns furniture partner.
“From a supplier perspective, we do the design and then the production and the installation,” he tells RTE.
“So we’re very involved in that process.”
“We also know what kind of product we can make for a particular customer, so we know how much we can get for that particular customer.”
He says he’s happy to discuss the supply chains with his customers but insists that they should be given equal access to prices.
“You have to give the suppliers equal access,” he admits.
“Even if you are in a supplier relationship with a manufacturer, if you don’t get the same access you don: “It is unfair to have to go into the supply process and ask them to negotiate a price.
“As an independent business, you have to negotiate the prices.”
‘We’re the world’ There are also differences between London and other parts of the UK.
“London is really a global city and we have very high turnover,” Mr Woodmann says.
In some areas, such as the south east of England, the average turnover is about five to 10 times the average retail turnover in the city.
“A lot of that is due to geography,” he continues.
“People move around a lot.
They go to different parts of town.”
In some of these areas, the local manufacturers can be a bit more difficult to get to know.
“On the south coast of England there is a lot more access and we can actually get to see what the supply is and what we can do with it.
But we are very, very local and we’re the only one doing that.”
B &M, B+Ns and other furniture manufacturers have said that there are “huge” supply chains involved in the manufacture of the types of furniture.
But Mr Wood has a different view.
“To say that the supply of that particular product is being controlled by a manufacturer is completely false,” he points out.
“Every piece of furniture has a manufacturer and we need to take responsibility for that.”
If there are supply chains going through the supply, they are