I am not actually familiar with whips and their uses. From my research, this appears to be a whip/crop combo, though I am absolutely no expert.

Leather is dry and shedding in little specks of dust. - SEE TABLE IN PHOTOS

It appears as if the whip originally had a forked end, but one has been torn off at some point. - SEE PHOTOS

Stitching on crop part is undone in one section. - SEE PHOTOS