Clever Bike Storage for Small Spaces or Kids Room

I am loving this fun, clever bike shelf by Chris Brigham of Knife & Saw. It's in the latest issue of Dwell which I usually only glance through each month, preferring to get my Dwell interiors fix with a side of humor on Unhappy Hipsters. So, I am happy that I cracked open the magazine and saw this!
It doesn't hurt that the styling & photography are GORGEOUS.
It is made from solid wood and accommodates most bikes - they have a handy spec list so you can double check.
Perhaps because I have been on my death bed for 5 days (!), I am loving the thought of spring and bike rides (particularly on that sunny yellow number). Anyone who has lived in a city and wrangled their bike in an apartment will appreciate this. I also love that the rack doubles as a bookshelf & think it would look great in a boys bedroom.
They retail for around $300 and you can buy it here.