That seems expensive to me. If I was going to use it in my kitchen or something, I'd probably shop around and buy one. However, I wanted to use it in my laundry room for rags, so not many people were going to see it.
Steps to make one from a box.
I used a Bojangles box, mainly because of its size and it's what I had on hand. I also used two wire hangers, duct tape, wrapping paper, clear tape, and a ribbon.
Step 5: Decorate the box as you choose. I used wrapping paper, but you can do it however you choose. I forgot to take a pic of this step.