With a decal logo!   

https://reverb.com/item/23928603-alembic-spoiler-4-koa-1982

She's rough but looks like a player... replaced knobs maybe? They look like the ones Mesa uses on amplifiers.

Very nice. Is the price right, considering condition etc.? Is the neck sanded down, or just so much played..?

Thabks for your opinions, David

Spoilers in better shape turn up for < $2000 occasionally, I just think these with the decal are so cool. And the solid koa wings are nice too. Not sure on how naturally the finish is worn on the neck... looks like it was hastened along a little to me, but CME is an Alembic dealer, so you might give them a call for an in-hand answer to that inquiry.

I have a Koa Spoiler from 86 (somewhere around there  ).  As much or a little more wear on the body.  That neck definitely looks sanded.  I paid $2,300 less than two years ago. 

Love my Koa and play it about as often as my SII. 

So the neck is sanded, according to CME.

Another one here, but refinished:

https://reverb.com/item/22907417-alembic-spoiler-1982-natural-rare-early-decal