I like it, and I don't think it is overpriced. These industrial items seem to be in demand and very hip right now.
One thing I wanted to mention; I think once you upcycle, you have to list an item as handmade instead of vintage (you might have done this, I can't tell.) But if you want to do more of this, you might want to find out exactly what, other than cleaning, you are allowed to do to an item listed under 'vintage'. Another thread, I guess...