I use the stand at home. I was a bit disappointed with the quality. Some black screws were already a bit scratched upon arrival. The foam elements are not centered. Also there was a small inconsistency between the notation in the manual and how the elements were marked. Overall the stand just a static thing, so I guess it's okay, especially for such a low price.
On the positive side it seems pretty stable. The assembly was fairly fast and easy (it even comes with a tool). It even works with my headless strandberg (the guitar is almost touching the ground, but still it's stable, so that's totally fine)
On the bad side I had slightly higher expectations regarding quality. Then another small thing is that if you have guitars with symmetrical heads (like Gibson) or bass guitars, you won't be able to move the stand directly under the wall. In my case, I have Fender and Ibanez guitars with non-symmetrical heads, so I was able to move it under the wall after I places my bass guitar to a different stand.
As mentioned - overall an acceptable stand for such a low price.