It was a piece of sculpture all summer unless holding a windbreaker.  With winter weather, it is a compact coat drying rack for down coats and parkas.  Be advised it is not for kids.  It is quite tall, and those of us who are height-challenged have to stand on tiptoes to hang items and retrieve them.  

Pros: Requires little floor space, looks great when not in use, and is stable on carpeting
Cons: A bit tall for use by "shorties"