For the price, this is an ok solution. You will have to balance the pots / pans by distributing them properly otherwise the whole thing will till and the pots / pans will slide to one side. 

The main issue I have is that the one we received had the holes drilled in the wrong locations so the rack had to be hung upside down.  

Not a huge deal but it looks messier because you can see the bends in the cross bars (see photos).  Maybe this is why it was on sale?  If so, it should have been made clear