I have owned 2 Bassos in the past. A red white blue Lotto similar to yours and a teal and orange Ascot. After one of the "Bs" and onther of the "Os" started to peel off on the Loto, I pulled off all the "Bs" and "Os". I got lots of "Nice ASS" compliments.
I always admired the "Jamaica" paint job. LOVE IT. I have been semi seriously looking for that exact frame in my size for some time.