This is a fashion illustration done by Andy Warhol. Before he was known for his Marilyn Monroe and Campbell Soup can, he started off doing commissioned pieces for magazines in New York. This was obviously commissioned for a fashion magazine, he was very well known for his beautiful pen and ink drawings and shoe advertisements. I believe that this piece was successful for the time. Since the audience for these fashion magazines was geared towards fashionable women he is showing a beautiful young woman dressed in a outfit that would suggest for an upper class person.