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I am GOING to do this...The towel bar was simple to find, but we were having trouble finding the right kind of hooks. A nice associate at Home Depot gave me the idea to use shower curtain hooks. I ended up finding hooks at Target with two slots. I picked up a package of 12, along with an 18 inch towel bar, for less than $25. Necklaces Holders, Curtains Rods, Necklaces Hangers, Towels Racks, Towels Bar, Showers Curtains Hooks, Shower Curtains, Necklaces Storage, Jewelry Holder
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This looks easy enough. I would cover a longer wood piece with fabric to make a multiple hook holder.