I like it. Looks like someone stuck it in the washing machine tho.
It appears to be a period original piece with condition issues. The RZM tag indicates it was produced in 1935. I would hope the wrinkles could be reduced with careful ironing.
LIFE'S LOSERS NEVER LEARN FROM THE ERROR OF THEIR WAYS.
What does the large tag mean?
Whoever washed it was likely trying to take the stain from the white roundel-unsuccessfully, though, apparently. For what it's worth, it looks like a genuine piece.
"Much that once was, is lost. For none now live who remember it."