Brand new, straight from the masters. Brother got it for me when he was there (April 7th, 2023) and it doesn’t fit me well. It is still in the plastic wrapping with the cardboard inside. I tried on the one that he kept, so this is a dead stock item. I understand it says $110 on the tag, but as you all know - you can only get officially licensed masters gear at the masters. I found one listed online (picture included) for 226.50 + shipping so I have it for $225 Offer up!