This is a like new 1970's piece with sensational winged collar which looks terrific under a collarless jacket such as my design houndstooth it is pictured with here.
The nap for a cotton velvet is very luxe, and the company Corty Krefeld which was German despite the 'New York' addition, appears to have speciliazed in garments of high quality velvet in cotton & silk in the 1970s. I can fnd little more about them so if anyone has any information I'd be keen to know as the design and quality of this is beautiful.
It's a UK size 8. If I was a few years younger I'd never part with it! Verstaile for a 70s, 50s or a contemporary look.