Here’s an example of a design firm, architect/designer Jordi López Aguiló’s Kutarq Studio, doing a lot with a little. Tasked with creating a folding wall hook for Ikea that would retail for just $3, Kutarq Studio designed the KLYKET:
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The housing is powder-coated aluminum, the flip-down hook is acrylic-coated aluminum, the pin is stainless steel, and neodymium magnets keep it shut.
Kutarq Studio originally envisioned a more striking color…
…so we assume but the beige tone in the production model was more cost-effective. The KLYKET is $9 for a three-pack.
Source: core77