What is this, you ask? It’s a hook you can mount on your wall with only a single nail. Most hooks require a power drill and a screw, or they’re flimsy, or both. This looks like it has some heft to it, and adding weight will only distribute south, holding the hook more firmly in place. I only add this detail because I have seen some flimsy hooks spin, and then stay arched to the side where it looks ridiculous. It’s why you need the added weight so that it constantly pulls back into the correct position.
Get rid of the coatrack, there’s a new game in town. You can purchase it from The Minimalist.