You may be aware of another branded product very similr to this and considerably more expensive. This performs perfectly well and has served me perfectly as a home guitar stand. I have a few oddly shaped gutars which just don't fit properly on other more traditional stands so this style of hanging stand works perfectly. If you have something ike a Jazzmaster, Firebird, Explorer or even more extreme designs such as Warlocks or Vs this will be just what you need. It handles the weight of the heaviest guitars just fine and the mechanism is holding up well after a few years.
Surprisingly perhaps, stability with this style of stand is just as good as those which support the weight from the bottom.
Recommended and good value for money.