Torsion Lace Babydoll Cutsew - Nostalgic - Angelic Pretty

This is a baby's cut-and-sew top. It's a very old piece, likely from the early days of the brand.
It has a nostalgic design with a round collar and plenty of wide, gathered lace on the chest and cuffs, making it very cute.
The silhouette is like a babydoll, and you can adjust the shape by tightening the ribbons on both sides.
The length is a bit longer than a regular cut-and-sew, more like a tunic, and I think it has a rare, unusual feel.
It would be great for casual Lolita styles or even as loungewear.

It's only been tried on, but due to age, there's a ring stain near the hem on the right side. Also, there are faint spots like in image 6, just below the waist.
They're not very dark, and since there are gathers below the waist, they might be hidden, so they're not very noticeable at first glance. They might also come out with cleaning, but I'm offering it in its current condition.
Please be sure to understand that this is a very old item and has been stored personally before purchasing.