VTG 60s Saks Fifth Avenue Black Quilted Satin Foldover Clutch / Jewelry Bag

This is a beautiful, vintage Saks Fifth Avenue black satin quilted clutch bag (or travel jewelry or makeup bag!) with red satin lining and red tassel decoration. Has the Saks Fifth Avenue logo on the inside top flap. Cute cloth covered button on inside of bottom flap. Originally folded to button but defaults to half folding from storage. From a family trip to Saks in NY sometime in the 1960s, was a now gone family member's so unsure of exact background story other than above. Lightly used, it is in very good shape, with minor age flaws as shown in pics (very slight dust discoloration on black in one spot, two tiny speck holes on top-inside of red lining). Unique and rare, we have not been able to find another one like it! Please see pics for details and feel free to ask any questions!