Looks like a Thigh Master mounted on the wall.
'Carlton' sideboard by Ettore Sottsass, 1981
HA ha -- well, you guys obviously are not familiar with Memphis Milano. it was an international design group in the early '80s based in Milan. They played a big part in transforming the formulaic furniture designs being produced in Italy (and around the world) by the late 1970s. They purposefully subverted the norms of form, function, and "good taste".
The 1980s saw a huge shift in the design world and design market. Memphis Milano was a big deal in the furniture industry at the time ...not so much because of its design style, but by reinvigorating an increasingly banal international furniture market. Many of today's big-name designers owe their success and freedom of creativity to the famous designers who made up Memphis Milano.
Karl Lagerfeld furnished his Monte Carlo apartment with Memphis in 1981
Both rooms are terrible imo.