Abstract: An all-purpose portable rack includes a pair of mated opposite end parts each being composed of separate base and upright hollow tubular members having portions which form a plurality of slidable and pivotable joints coupling the respective end parts and members of each end part together in mated relationships so as to define an article holding region. The rack also includes an endless elongated elastic member extending about an endless path within the hollow interior of the mated tubular members of the mated rack end parts so as to resiliently retain the parts interconnected together while allowing the members to slide and pivot relative to one another at their mated joints for expanding and contracting the article holding region of the rack and converting the rack to any one of a plurality of upright and inverted operative configurations.