This appears to be a novelty item from a K-1 tournament around 2005. This is a set of two, blue and red. - Color: Blue and Red - Type: Keychain Gloves - Brand: K-1 - Text: ALL OR NOTHING It has been stored at home for a long time. It's an old item, so the bag is dirty, but it's unused. #K-1 #K1 #MartialArts #Strap #Keychain #Novelty