This bag appears in the "Gothic and Lolita" Phaidon book, so it is from 2007 collection or earlier. It is a very rare and special piece to find.
The red velvet is in good condition, but the leatherette closure is peeled. It is not broken and still works though. The white leatherette tag with the brand has red stains from the underneath glue, I already bought it like this (second hand).