This is a great drying rack overall, and especially for the price. It is easy to set up, ,clean and store back in the durable cardboard box it comes in. Also handy for holding fresh made and blanched lasagna sheets prior to assembling. Been using mine for a year now and I'm quite happy with it; now buying another as a gift.
I use a bit of food grade mineral oil every few months to keep it nice, but no notice of any sort of chemical smell that others mentioned -- just natural wood.
I recommend this over the more expensive and complicated models.