My sister Dawn came to visit from Prescott, Az while her kids were on Christmas break. Like all "breaks" we took on a bunch of projects to do while our kids kept each other occupied. 9 kids and 3 adults in a 1600 square foot house meant we were cleaning or cooking most of the time though.
Anyways, she just moved into a house with very little storage in the kitchen. She wanted a pot rack to go above her island and we found this one from Ikea for $24.99
p.s. if you search for it, those fancy Sweedish folk call it a utensil rack, not a pot rack like us hillbilly's.
Using our own mothers sound logic, "Why do, when you can over do" we made a frame out of wood trimmed by molding to go around the outside. It covered the boring metal frame and added about 8 inches on the top to store pot lids.
Total this project was around $50. Which is better than the $200 one we saw at Bed Bath and Beyond.