Thanks a lot guys, this information is very helpful. I do plan on keeping this, and riding it too. Hopefully Ill find a seatpost too and some better parts to dress it up with really soon. The guy I bought it from said he had a few boxes of Campagnolo equipment
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You all would probably hate me if I told you how much I paid for this thing too.
Next time my friend is over I will ask her to let me take some photos of her Lotus, its a really pretty bicycle.