July 2012:
This hook perfectly fulfilled its function, namely to hang a bike on the wall or ceiling. The fact that it is wrapped is a real plus to protect the wheels of his bike. Please note prices vary greatly on amazon, but the date of this review I have not taken this hook on the net because I found less than 5 euros in stores. Nevertheless it is the same model that I bought, and it is through amazon I've found the article that I needed to save space in my garage.
In use I much prefer this system as a pulley, won the spot is more important (unless you have a really high ceiling and fully able to pass underneath, which is not my case!) And c It is very simple to use, no maintenance, no twine that wraps wrong, or to change ...