Thomann Guitar Multistand 5

It's not necessarily a bad stand. It's absolutely usable. But I'd recommend spending some more money to get the Gravity Vari-G.

Compared to Vari-G, you need to take more care to put and adjust your guitar back on. The sponge is softer, so the guitars don't automatically slide to rest on the bar.

The sponge itself doesn't spark confidence, either. After some use it seems a bit wrinkly in places like the neck rests.

Spacing is quite wide compared to the Vari-G, however with the latter you can actually achieve the same spacing if you want to. That spacing is good for acoustics, but for electrics there's a lot of space kind of wasted.

This was one of the cheaper guitar stand options I was considering so I didn't expect perfection.
Bear in mind this is my first stand and I have nothing else to compare it to.
I use it to hold an acoustic and two electric guitars.
Pros:
Good stability and build quality. It's feels well made and tough enough.
Cons:
Guitars have to "lean in" to the stand which means it can't go against a wall. I'm guessing this is to give an extra secure footing for the instruments making them less likely to tip out. I would have preferred a more upright system.
The spacing between the pegs feels over generous for electric guitars at least. It allows a bit too much movement.
Considering the price though I'm happy with this storage system and it has tidied up my music area really well.