This is a Fukuro obi
with elegant 'Karabana' (imaginary flower in china) and flower circles pattern, which is woven.
Sparkling foil threads used in the pattern make this obi suitable for a formal usage.
Textile is silk, and it has soft to the touch.
Both ends are open, and it does not have a stiff lining inside.
To complete as a wearable obi, additional $50-$60 is needed.
It has a folding lines, but not disturbing for wearing.
Please see photos for details.
It still is a very charming garment to wear!