Hands up! Someone mentioned this tip recently, and so we took a snap of a friend's wooden stemware rack over the weekend (they use two put together). We use one at home as well.
Of all glasses, wine glasses take up the most room and yet are the prettiest to look at. So why hide them indoors? Wooden stemware racks can be had for a song (@ $20), are well made of oak (usually), and easily screw into sheetrock ceilings (as well as others). There isn't much weight being held up here, so complicated anchors aren't needed. Available at all these places. MGR