Let's see:
1. Seller says it's new and still in the box but those brake levers are circa 1975. (I guess they could have kept it in the box for the last 30 years, but still. . .)
2. What "race bike" has fenders?
3. Speaking of fenders, those are so small, they look ineffective.
4. Direction of the fork?

Better to ask "What's right with this picture?" The answers would be shorter.