Looks nice!
One step up:
On the net, there are several DIY manuals on building a stand based on pipes and a pipe clamp. I did this with a slight variation to make it cheaper:
Get an old crate as bottom plate (invert it, if necessary), get some 2x4 lumber to build the vertical beam. Get a short pipe, mounting plates, and pipe clamp (mine came off kijiji/craigslist, cheapest kind) to build the horizontal arm. Cut some lumber pieces to serve as interface between pipe clamp and seat post and line it with pieces of old tubes. In addition, I use an old tube hanging from the ceiling to support the structure from the top and another one to keep the front of the bike at the right tilt (the pipe/pipe clamp will turn in its threads and thus not hold the bike level)