The stand is of decent quality for the price point, not too much to complain except for some minor issues with the rubber seams sticking out etc - basically things you find on anything made of rubber-like compounds within this price range.
I wouldn't necessarily reserve the stand for the most expensive instruments for longer periods, but the stand is very serviceable for shorter duration setting aside of instruments.
Finally, my three months old puppy found the stand delicious to chew at. She definitely would recommend (for me to buy another one just for her)!