Thank you for contacting Mearto with your appraisal inquiry.

It is a lovely vintage Fendi handbag. Such vintage designer items are being offered at auction on a regular basis. Your Fendi Penquin handbag appears to be in very good condition with only very few signs of wear and use. The handbag is made of canvas material in a solid gray/olive toned colour, it has 3 pockets, handles and a strap. The hardware is goldcoloured.
The condition is of much importance to potential buyers and collectors. If it has the original price tags, box and dust bag too that will add to the value. The style and model is very typical of Fendi where the classic and elegant items are their trademark.

I believe that the handbag due to its good condition would attract the attention of both collectors and dealers if it came up for auction.
The estimate provided is for a well-advertised specialised online designer accessories auction, where I believe the Fendi Penquin bag has the best chance of realising its fullest potential. However, there is no measurement for the sentimental value you might attach to the handbag. Retail "asking prices" can be higher and vary.

Please let me know if you have any additional questions. I’m happy to help.
Thank you