photobucket is now so bad I can hardly see anything beyond the thumbnails.
It is a genuine bike I think. Those top tube graphics are transfers and under the clear coat.
Often these bikes were called the "purple people eaters" and have a following.
The graphics were a team thing that spilled to the production frames to enhance the marketing... "I have a team bike..."
Probably made in Italy by a Masi USA contractor, painted in the USA, only thing it has to do with Masi of the Vigorelli is they got some royalties out of it.
I have two 3V's. I like them very much, the oversized tubes which include the chain stays being oversized do help stiffness and due to the light ga. tubing are not overly harsh. My Tesch S-22 gets the harsh steel rear triangle award. But that is a Criterium Monster.
Value... really really depends on condition, better the paint and ding free examples get more. $400 probably for the frame set.