Olive Borden is just be a shadow of a name today, a briefly popular young actress given one of her era's ridiculous nicknames (she was "The Joy Girl" of 1927 just as Ann Sheridan a decade or so later was "The Oomph Girl."). She lived hard, married badly, and drifted out of the public eye. Hers is story that doesn't end well (death on skid row in 1947) and that didn't leave much behind - but, for a moment, in her gold lace wrap she was just about perfect, and it looks like she knew it.
Also, her final film has, I think, a marvelous title: Chloe, Love is Calling You. It ought to be a romantic screwball about a feckless heiress, with maybe a fun part for Helen Westley or Edna May Oliver as her aunt/chaperone. Instead, because by that point nothing was going right for Borden, it was in fact a lurid 1934 cheapie filmed in St. Petersburg, Florida.
Still - that photo, that moment...