There are a few areas of rust buildup. The base of the emblem has damaged with corrosion and is slightly warped. There is damage to the colored areas including heavy cracks, discoloration and chipped/missing pieces.
This item is for the hobbyist who has the knowledge and capabilities to repair a collectible that needs much tender loving care. Actually, he bought many open-box models, with various parts known to be missing, for my brothers to tinker around with.