I was able to find a beautiful piece of veneered plywood at Home Depot in the cull bin for 1 dollar so this project got started on the right foot financially (You know they say...there are hundreds of dollars to be made in the music industry each year). The piece of wood obviously dictated the rest of the project and I knew i could only make one stand but I was feeling dangerous so after some various designs and a pep talk to the best craftswoman I know (my mother) I finished this and Im pretty satisfied with the results.
I made the top removable to help with transportation and because my original piece was only 2' x 3' so to get the height for a stand I needed to piece it together anyway so I added that bit of luxury. I might need to add weight to the base to make sure it stays stable since I had not expected it to hang out so far. Also, I still need to pick up some felt to truly finish it off.
I credit the inspiration for the design to cgapay and his guitar stand. http://www.instructables.com/id/Hanging-Guitar-Stand/
When I first designed it i had the necks attached directly to the sides but could not achieve the bevel needed without a table saw. What you see is the compromise. However, I forgot to redo the physics because the instruments now hang out further than anticipated, making the stand want to tip. I corrected for this by adding another layer to the base of high density particle board for weight.