Pre-owned in great condition.  The lining has some staining across the bottom and the top of the organizer.  Snaps are in excellent condition both inside and out.  The hide feels a bit dry, but no cracking, staining or damage on the outside portion.  Leather straps are in solid condition and look great.  I have to be honest, I really don't know what this is used for.  It came from the estate of an equestrian rider, so I gathered it was some kind of strap holder.  It dates to at least the 70s, though could be later than that.  Over all, for the age, it's in great condition.  While the lining has some staining on top and bottom, it does appear to be good condition.  There is one tiny snag at the top near the square hanger.  Please see all pictures for condition.  Measures 14.5" in height, approximately 5.5" in closed width, 11" in open width.