New, unused, and finished obi. I thought it was a new, finished obi, but today, while airing it out, I re-examined it and found a fold on the back from being folded in half at the front, so it may have been worn before. I've lowered the price (halved it) and the condition of the item. It's a gorgeous and elegant obi. 100% silk, in beautiful condition. I've been buying and wearing Japanese clothing without knowing much about it, so I'm not very knowledgeable when it comes down to it. I will do my best to answer any questions you may have, so please feel free to ask.