Yes, we still read magazines. But that style magazine holder went out in the early eighties when we were tearing up our shag carpet, taking the decoupage off the walls, and replacing those coffee tables made to look like cobblers benches with something a bit more up-to-date.
A few still exist in faraway places like summer cottages, or next to the plastic-covered couch in my 90-year old aunt's house, but those people generally aren't looking to upgrade their magazine rack so the market is rather limited.
The scrollwork is very nice, they look solidly made and the finish really shines, but it just isn't one of the "hot" styles this decade. But who knows, style comes and goes and next year it might be the next big thing again.