Art, I don't know anyone now with that sort of book rack but my grandfather had several racks that were similar with the spines facing upward. The rack isn't very tall so having the spines facing up makes it easier to see the titles without getting down on hands and knees. If you have a space for a small book rack, such as near your favorite chair, this might be the ticket. I like the penguin donkey for that, though. It has a flat top for placing a beverage.
Irony: The opposite of Wrinkly