Such a classic vintage Danish style hammock magazine/newspaper holder. Circa 1960, this holder can be used for so many other things, folds flat for storage, but why would you want to! 
Made in Yugoslavia, beautiful beechwood. It has some wear consistent with age.
Measurements:
21.5” wide
18” tall
15” deep
Folded measurements: 19” x 21.5” x 2.5
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