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This bottle brush tree is in good condition. The only slightly squished spot I see is at the bottom under the gold ball (second picture). The mercury glass ornaments do have some fade and silvering loss, mostly in the smaller glass beads toward the top of the tree. The bigger ornaments are in better shape but do have some paint wear and age spots. You can see these issues in the pictures. The first three pictures look the same, but I turned the tree in each one so they are from different angles. The base is in good condition and it is a sturdy standing tree. I do believe the velvet probably used to be more red, but has faded to a more orangy-red color.
Over all, this is a lovely little vintage bottle brush tree and will look happy on the mantel or in your Christmas scenes. Enjoy this one in your collection.