I thought so too, as another friend of mine has a similar one, but different color rings and white joint and butt sleeves. Both cues were purchased in Chicago (Niles actually) at the Corner Pocket. $50 each. Circa 1980.
Mine has a signature under the clear coat, looks like a sharpie was used. My opinion is that signatures don't increase the value, but are a nice touch. It irritates me though that signatures, like Balabushka are printed on cues that were not made by the cuemaker. Just my 2 cents.
I've got a McDermot C3 that I bought in 1980 (1st real cue) which has seen many a game and kind of beat up (still arrow straight) that I use to break with. Never will be sold.
I won't begrudge a good cuemaker selling his cues for a good price. Everyone has to make a living and if you are a craftsman making an exceptional product you should be justly compensated. I doubt even the best cuemakers are getting rich making cues.