Neckline revamp on a women's shirt

Found this shirt in my thriftng adventures and loved the fabric. But alas, it was too big and didn't look right. I tried taking it in and then it was left to languish in my ever growing to do stack.
And then I discovered the smock. This technique of cutting off the collar and converting it to a channel for elastic is brilliant! It was exactly the treatment this shirt needed. I used bias tape instead of trying to fold the curved edges under and loved how it worked out. The vintage rick rack in red was just enough to give it the look I wanted, truly a modern mix of old and new.