This is what I believe to be a designer series V. Gibson made V's and Explorers in '84-'85 in what they called the Designer Series with wild paint schemes. This one looks like it was one color, and then repainted with the red, but that would have been done by Gibson. You can see the yellowish/white paint under the red where it is chipping off. Guitar has only had 2 owners.
First owner had it for less than a year, then the guy I got it from bought it. He owned it from '86 until about a month ago when I aquired it. Everything works as it should. First few frets have some very light pitting. Playes great, and comes with a very nice newer SKB case.