OXO Good Grips Convertible Foldaway Dish Rack, Stainless Steel – Link

Amazon has got this currently marked down to its lowest price of only $29.99.

• Plate rack folds down to make room for large bowls, cookware and more
• Legs fold out to elevate Dish Rack and spout opens to drain directly into sink
• Tines hold cups, mugs or wine glasses inside Rack to prevent dripping on the counter
• Plate rack holds plates or bowls neat and upright and is safe for fine china and delicate dishware
• Divided utensil holders have a generous capacity and are removable for easy unloading
• Side walls, legs and spout fold for compact, standing storage in cabinet
• Utensil cups are removable and dishwasher safe for easy cleaning
• Top Pick by Apartment Therapy