Not a Masi, but I can see why someone placed those on. The lugs are similar. The transfers are from Italy, I have only seen them before application. There was a bike on the appraisal thread that I think should have these transfers.
They appear to be as the person who tried to apply them did so as waterslides, they are not. I have seen other attempts to affix varnish fix transfers yield similar results.

For the price I think it is a terrific deal.