Seriously though, 50 is quite a milestone. I think anyone would be happy with that.
No experience with V1's, but if the Polini is like the one for the Puch's, it's probably a ripper!
The paint on there looks kind of like what my HS50 looked like when I got it (also red). Are you planning on leaving it as is for the "patina" or attempting to working to bring it back?
You probably already have a strategy for this, but I had pretty good (not perfect) success with a good cleaning, light rubbing compound to remove some of the oxidation (I can get you the name of the stuff) and then wax. Seems like it depends how oxidized it is and how long it was sitting in the sun...