Ming dynasty cups such as this are more and more difficult to find in this condition in the market. This cup is in excellent condition - no cracks and is of very high quality. The glaze is smooth and and the shape is very refined. (the foot has a small chip)
As with all objects of this age, please do expect some character and 'features'. This is handmade and hundreds of years old. We can say with confidence that this condition is excellent.