For those of us with limited cabinet space in our kitchens this looks like a VERY good solution.
Right now on Amazon you can get the Innova Classicor Wrought-Iron Oval Pot Rack  for $31.93 with FREE shipping!
The next lowest price I could find was about $45 so this is a good deal!
- Oval ceiling-mount rack for hanging pots and pans
- Wrought-iron construction is attractive and durable
- Heavy-gauge chrome center grid holds additional hooks
- Includes 12 hooks and hanging hardware
- Protected by 5-year limited warranty
According to the information it will hold up to 40 pounds! That sounds like a winner to me.
As always this is Amazon- prices can change at any moment!