How to make a Pencil Holder/Art Caddy

Making this pencil holder/art caddy is a quick and simple woodworking project that can easily be made in an afternoon. I began my resawing some 3/4″ walnut in half to use for all the pieces. The 4 main side are all cut to the exact same size with a 45° bevel on all the edges for easy joinery. The pieces are glued together and clapped with nothing but blue painters tape. There’s an inserted divider to keep different utensils separated and everything is coated with 2 coats of shellac.