I guess its a real Bianchi, just not the Bianchi he claims it is!

E. Bianchi has always been in Milan. G. Bianchi is from Florence (Firenze).

It looks like a steel stem and bars and a chainguard mount on the rear stay. Pedals are junk. Probably a Valentino rear derailler. He won't post a pic of it or the hubs. Campagnolo stamped Gran Sport dropouts are somewhat rare. If you ask me, that's a lowend 70s bike-boom bike. It does have some cool features and a vintage look, but now over 100 bucks plus shipping: someone is going to be disappointed...