Posted in APBW is my present approach to a gouge rack for the lathe. Shamelessly copied from ones I saw at a NH WW Guild lathe gathering - made a lot of sense.
The back keeps you from slicing self on the tips that are up where you can see them.
I have not fully finished it in the sense of permanently attaching the divider strips. As for shellac or dye, in your dreams...
It sits on an old sewing machine table (cost - $0) and you can see that I set it at a steeper angle than the OSB scrap was originally cut (note that the bottom edge is not parallel to the table top). Chucks and faceplates can be piled in the void behind it, on the table top. It can also sit on an old typing table, but the sturdy steel typing tables with retractable casters get used for more general purposes once I've fitted them out with additional shelves, etc...
And yes, the collection is a bit eclectic, ranging from 1952 shopsmith on one end to Glaser on the other...