jbales,
I neglected to mention how cool your little rack is,
I like it very much and it's an ingenious design.
In fact,
I prefer your design over something fancy-pants like this:
http://www.ebay.com/itm/Gucci-Leather-Wrapped-Pipe-Holder-/151939800635?&_trksid=p2056016.l4276
You could probably sell yours on eBay,
make up a few of them, come up with some clever marketing angle, and you'd be in business,
seriously, a few cosmetic tweaks to pretty it up a bit (paint, artwork, tattoo designs, ornate stencils etc etc )and you've got a solid product!
:!: