The little rack is sold under the Nashbar and Sunlite brands and price is about $13 or sometimes even lower. I own several of these racks on different bikes and they have held up well. I typically do not put more than a few pounds on them though. I definitely wouldn't try to hang panniers on them. If you need panniers and a platform, the little rack can be used with a low rider rack.
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This is exactly what I did.