paperbasket made of paper

Stumbled on this very smart object by Studio Verissimo, the firm of portuguese designers Cláudio Cardoso and Telma Veríssimo.

photograph by ricardo faria, 

used with the kind permission of Studio Verissimo

It's a paper basket woven from pages of newspaper.
Seems to be doing just what a paper basket should be doing: stand up straight, hold paper!
Most likely disposable and compostable at the end of its life.
What more does the people want, eh?

UPDATE
Japanese brand MUJI sells a similar paper basket made from pages of phonebooks, handwoven in the Philippines.

- I say: I want a how-to guide for weaving it myself - people could start making those at every street corner
- my better half says: 'why are we producing the big wasteful phone books in the first place?' - he has a point.