This is a 3-way bag, a double name collaboration between Y's and COTE & CIEL. It can be folded into a clutch bag, pulled up with handles to become a tote bag, or tied with strings to become a knapsack. It's not heavy, so it's also useful as a sub-bag when traveling. Even when used as a knapsack, it doesn't feel overly casual, and I think it has a rare design with a sophisticated mode feel, typical of Yohji Yamamoto. For its size, it has ample functionality, including a compartment on the side that can fit an iPad, and pockets inside for organizing small items. I purchased it for 48,400 yen and used it about 10 times. There are some minor scuffs, but nothing particularly noticeable, and I think it's in relatively good condition. I would subjectively rate it a 7-8 out of 10, so I recommend it to those who are accustomed to buying used items.