The Symbol Coat Rack is half art installation and half functional coat rack.  According to the DESU Design website, …

During the coatless summer months the Symbol hangs as a purely aesthetic piece, as the hooks lay flat and belie their function. When needed, the hooks pull smoothly out to help you organize your stuff. Available in monochrome aluminum, or in white with vibrant anodized colors. Monochrome is anodized aluminum finish for both the housing and the hooks. Color has white housing and vibrant color anodized hooks.

So, in parts of the USA, where you don’t need to have the coats available all year, this coat rack could be great.  Yet, I have a couple of problems with the design.  First, I have not seen an image of it full of coats (mainly because that would not show the design) and I think that it could become very crowded.  Second, and more important to me, it is not designed for hats!  Without coats, it cannot hold any hats and so, I would still need a place to put my hats.

Oh well, it looks nice … but at $435, I think that it is a little overpriced!  Compare it to this one or, especially, this one, and you will see what I mean …

via WebUrbanist