Abstract: A demountable hanger assembly, for mounting at various locations in a display panel, has a cylindrical socket of predetermined diameter, a magnet mounted within the socket; a hanger locating device mounted within the socket adjacent to the magnet; a hanger member having a cylindrical portion to make a snug sliding fit in the socket, the cylindrical portion at least being formed of a magnetically sensitive material, attracted to the magnet, a locating recess formed in the cylindrical member to interfit with the locating member in the socket; and a hanger extending outwardly from the cylindrical portion, the hanger member being demountable from and mountable in the socket by manually separating the cylindrical member from the magnet.