There’s something functionally cool about furniture that does double duty for different functions. In the most recent issue of dwell magazine, we saw an ad for some pretty cool products by the European furniture company, mobelform.

Many of their pieces are suitable for very small European-type spaces and makes great use of very tight spaces. Of course, there are some hefty price tags to go along with such ingenuity, unfortunately.

First up is the Nuovoliola at $10,180. It’s a wall-bed unit that went put away is a little love seat with a shelf on top. Pulled down, the shelf is a support for the bed and a shoe rack. Nifty.

This next piece, the Doc Divano ($5470), is kind of fun since it’s a sofa and a bunk bed all rolled into one:

Finally, the Spazio 05 ($6020) is a neat idea, but I think it only works well if you can keep a desk uncluttered enough to withstand the movement up and down.

The listing of mobelform’s latest products is here, or you can view their full catalogue.