It is in very good conditioned but does not look brand new; I have used it 5 times. It has some creasing from opening and closing (see photo) but I think it blends in with the distressing and veiny Balenciaga leather. I love the feel of this wallet too, very soft and nice . This is a big wallet 4.5 "x 8.5" so it is a little bit bigger than an LV PTI wallet. I personally feel that it's like a clutch
Currently retails for $505 + tax in stores!! So this baby is a steal at $360!!