1. Bad idea for the wine for all the reasons provided above. 2. Use hard to reach storage for things you use occasionally, like party accessories, fondue pots, etc. 3. I wonder how sturdy a wine rack can be if located over a fridge. I think the width of the fridge would require extra support and weight of the bottles will make it sag over the years. 4. The only reason I would store alcohol that high is to keep out of reach of children. 5. Storing heavy, breakable items over you head is not safe...

Cabinets over refrigerators always look best when they are the same depth as the refrigerator. If you are planning on leaving the oak cabinets as they are it will be hard to match the wood. You might consider making a new cabinet and painting all the upper cabinets a contrast color and leaving the lower cabinets in the stained oak. Or just painting the wall of cabinets with the refrigerator a contrast color (such as sage green, mid gray or navy blue) depending on other colors in the room or adjacent rooms.

Just an update to my original post. The wall is a load bearing wall so no wine rack or cabinets along the ceiling, honestly once the wall came down we liked the open space. As you can see from the photo we incorporated the counter top from the peninsula onto the knee wall we left. The kitchen is still a work in progress, I will post some photos when finished. Thanks for all your comments.

Holiday specific items I only need to climb up to reach a few times each year. The extra plastic containers I rarely use but want to keep for when I do. The few jars I've kept from when I was farming and canning and now only occasionally use. That tall vase of uncommon design that was a gift I only bring out when the long stemmed Iris and Glads bloom. How often do you use that top oven?