I have never liked hanging pot racks because they are difficult to place in a kitchen unless you have a reasonably standard design, and they make the room look cluttered unless you have a good amount of space.

Instead I plan to hang one of these chrome commercial grids on an empty wall in the kitchen and hang pots and other kitchen implements from it.

I chose this site because it had the best pictures, but you may be able to find these cheaper somewhere else. Search keyword "gridwall." (via Storage Fixture Supply)