This is certainly not the cheapest headphone stand out there, and when I first ordered this product, I felt like I was maybe overspending.
When it arrived though, it was clear that this is a quality product. I'm not a woodworker but I'm pretty sure this is actual hardwood rather than veneer. The rubber pads on the bottom keep it from sliding around the desk, the rubber strip on top keeps the headphones from sliding off. It looks amazing and fits my desk wonderfully.