AI Appraisal Estimate

This is a compact, tri-fold key case and small wallet manufactured by the designer brand Kate Spade New York. The exterior is crafted from high-quality 'Cedar Street' Saffiano leather, a cross-hatched textured leather known for its durability and resistance to scratches and water. The color is a vibrant shade of coral or bright red, often referred to by the brand as 'Geranium'. The front features a 14-karat light gold-plated metal plaque precisely engraved with 'kate spade NEW YORK' in their signature lower-case typeface. Structurally, the wallet utilizes a snap-flap closure and includes a gold-tone key ring attached to a chain on the side. The stitching is monochromatic, showing tight, even craftsmanship consistent with designer leather goods. In terms of condition, there is visible minor surface wear and small scratches on the gold-tone brand plate, and a slight darkening or patina along the bottom folded edge and corners. The Saffiano grain remains well-defined. This style was popularized in the mid-2010s as a functional, luxury everyday accessory intended for organizing keys while providing a small interior slot for cards and currency.

Based on my visual examination of this Kate Spade New York Cedar Street Jax Key Case in Geranium, I have assessed its condition as 'Fair to Good.' The Saffiano leather retains its structural integrity and characteristic cross-hatched texture, which is a hallmark of this durable line. However, the visible scratches on the 14-karat gold-plated plaque and the darkening along the bottom edges indicate consistent previous use. The vibrant Geranium color remains saturated, though the corner wear is a common detractor for this specific model and material. The market for mid-2010s Kate Spade accessories is highly liquid but saturated. While the Jax Key Case is a classic design, it is not considered rare. Current secondary market trends show that smaller leather goods (SLGs) from this era typically sell quickly at lower price points, especially in bright, seasonal colors like Geranium. Comparables for this model in similar condition typically fall within the $40 to $70 range on platforms such as Poshmark or The RealReal. Regarding authenticity, the font kerning on the hardware and the consistency of the monochromatic stitching align with brand standards for the Cedar Street collection. However, a definitive authentication cannot be performed via images alone. For full verification, a physical inspection is required to verify the internal 'spade' jacquard lining quality, the feel of the snap tension, and the weight of the hardware. Additionally, original retail packaging or a gift receipt would serve as critical provenance to bolster the valuation. In-person examination would also rule out high-quality 'super-fakes' that mimic Saffiano leather using synthetic polymers.