ITA with the others! A month or so ago my mom gave me a vintage Bally that she only wore a few times to sell on her behalf, and I hate to see it go - it's very well made (leather lining!) and classically styled. I can see it looking good now or ten years from now, for that matter. You are lucky, OP!
Thanks everyone for your input!
I could see myself carrying it to a dinner party. Its very formal looking to me so I don't think I'll be using it to go shopping or hanging out in jeans. Now to find an event to take it to!