As seen at Ryerson University campus in Toronto. Eye catching shape. And it did attract a few cycles.
I wonder if it really saved enough space to warrant the expense, and the deterrence to cyclists who wouldn’t want or were unable to lift up their bikes to park them. Wall mounted bike racks make regular appearances, and designers love to design new ones, but gravity remains their foe. That, and the length of chain required to attach the frame of the bike to one of the solid bars, neither of which was close to the frame.