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@lae
Mechanics aside, if you want to charge £15 for it, I think you'll have to make it look a bit nicer. Look at the forms and radii of curves used in modernist and functionalist product design. It's entirely possible to make it look ten times better, whilst still being discreet (it's only a wall hook, after all, not a centrepiece to a room!) and keeping the manufacturing costs the same.