I've acquired this thing recently. It's solid wood and none of the parts move. The handle is firmly attached. It measures 14" tall. It comes with three different sized holes: 1-1/4", 1", and 7/8".
So far, my guesses are: misc. tool holder, tobacco pipe rack, communion cup holder, crochet needle holder, or shot glass flight tray. Any help would be greatly appreciated!
Dang, the handles on that set of hooks looks like it would be hard on the hand and fingers after using for a while, like blister-inducing.