I used a piece of oak and the pegs. All that the project needed was some time spend smoothing the board and sanding the pegs a bit. I enjoy planing good wood, it is a pleasure to shape and it can be made so smooth to the touch. I expect IKEA or some such place has a rack like this for sale. I also know that the rack is not solid oak.
Here is the rack in the closet sharing space with a cubby hole storage unit I made a few winters ago. I like making things that have a use.
Work continues on the table. The legs are done and the first few coats of varnish are on. I expect to spay on 6 to 10 coats of varnish then hand rub a wax finish on to this table. There has been a whole bunch of hole filling and stain/colour retouching to get this looking good.
I have a couple more large jobs outstanding, and so I really need to think hard about my table saw situation.