Check the dropouts to see if they are Campy if so it could be a 3Rensho. The production Specailized SEs were blue, I think the Red versions were made by Yoshi Kono or a very early SE Production. If so $$
Otherwise it is still a great frameset Tange or Ishiwata tubing, Shimano 600 hardware. Parting out components would yeild the asking price.