Red lacquer has been prized for centuries, and here is a budget friendly version. I am a big fan of Ikea. If you have a good eye for design, you can find stylish modern pieces there at exceptionally reasonable prices. This Billy bookcase in red was even featured in the August House Beautiful. HB describes it as looking like it came right out of Diana Vreeland's famous Billy Baldwin living room. At $59.99 for the bookcase, or $398.98 for the bookcase system below, it is a great price. As we saw yesterday in Alessandra Branca's brilliant apartment, red adds such a punch to any room.