Bought one of these a couple of days ago, and I'm getting a second one today, its brilliant! Door closes so easily as the over door band is very slim but strong. You can store towels or hang them over it to dry, I'm also getting one because my son wants it to store all his hoodies on lol!
No more towels all over the bathroom floor:) I wouldn't pay the full price but its well worth a fiver IMO.
Tip: when assembling, put on all the rungs LOOSELY, then go back and tighten each one on opposite sides/top bottom for a nice straight finish :)