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Altec "Birdcage" mic?

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I have the opportunity to buy an Altec "Birdcage" ribbon mic for around $800. I really know nothing about this mic, other than the fact it looks incredibly cool. Looks a little like Darth Vader - about the size of a squared-off softball. My question is: does anyone know about this mic? Is it worth the price, or might I be better off spending a few bucks more and just get a Royer?