I saw some Guitar stand made out of PVC here, and since I salvaged several pieces of wood from some ikea furniture that i found on the streets I made mine with them.
Step 1: Layout and Materials
The idea is pretty straight forward, as you can see in the pic. the dimensions are standard, 36' long, 16" deep and 28" high, the hight of the horizontal bar (for support of the neck) is around 26" from the top of the piece @ the bottom , and the distance between the two bottom pieces (where the body of the guitar goes) is around 12". you can try with the guitars to get a better configuration.
I use 3 pieces of 1 1/2" x 1 1/2" by 36" for the bottom pieces and the horizontal top.
2 pieces 1/2" x 1 1/2" by 28" for the Vertical sides and some 2 planks of 1/4" x 2 1/2" x 16". All salvaged from some ikea bed that i found in the street.
The screws (8) are Allen Screws for wood ( the ones that came with bed, the Ikea ones), but some drywalls can do it too.
For the pieces that hold the guitars in place (or separators) I use wine corks and some drywall screws.
Step 2: Top Detail
As I mention earlier, I reuse some wine corks to keep the guitars from slide (4" between each cork)., I drill the corks and use drywall screws to attach them to the top. I drive the screws 1/2 way deep in the corks.
Eventually I will put some foam or some type of cloth to the top piece to avoid scratches in my guitars. The corks are holding pretty well, but i may change them later for something else.
Step 3: Done
I didn't spend any money in the process, and the assembly was done in about an hour. I have to say it's quite sturdy, very compact and practical, and holds the guitars very well.
I'm thinking in using foam for the top and bottom pieces and eventually painted the hole thing in black or some nice wood stain.