Well ... Bakelite is a phenolic resin, and it is difficult to paint over the long term because it outgasses. The paint will always come off and peel off over time. I wouldn't like that, so I don't really want to paint.
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Cord wrap will take time and patience.
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Especially when you want perfect results.
I have to ask my uncle. He's a boat owner on the Baltic Sea. It is possible that he has contacts with someone who knows something like that.