Sure is carbon. Carbon tubes bonded with alluminum luggs, from the early '90s. That looks like a bigger frame 59 or larger. If it was still complete $200 would be killer deal. I am not sure I would pay some hipster that much for a 20yo carbon frame.
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk