Jim says:

It looks nice. My only concern would be how much weight it could handle. Since it’s not braced against the fork, I would expect it slide down with enough weight.

The basket has enough metal to support a lot of weight, but that is hampered by how much pressure you can put on the handlebar rod. I’d say it needs a connection to the lower part of the headtube (even just a bumper connection… doesn’t have to be secured) or a strut to the fork.