This is a French antique Victorian wooden faux bamboo hat or towel rack. I have one of these in my powder room to hang towels. It is sturdy and will hold robes, coats and hats as well. The wood is a light colored hard wood.
The rack dates to c.1880. It is in good condition. It has what looks like a spot of red nail polish (see photo). The varnish is worn. No cracks and the knobs are secure.
It measures about 18 inches long x 2 tall x 7 deep.