As this is old, obvious signs of age. Material coming away from both front and back top edges along with the lining inside. Fine leather concertina part is all intact and complete. Clasp works as it should. Loose threads to the front/back. Some sequin loss but most are in place. Lining intact except for earlier described. Red Velvet trim to top of front & back, beads and sequin applique, I am assuming it is leather beneath the applique. Chain and all frame intact. Can double the chain as a carry bag, or one length as shoulder bag.