The paint scheme looks like the Campagnolo Blue offered from 89-91, but in red. 89 was the first year of the criterium series and last year of the chalet headbadge logo. Could have been purchased solely as a frameset and then built up by the buyer.

Flip that seatpost around the right way and put on a nice quill stem and shine it up and it'll look great. I'd bet it accelerates like crazy, but it'd probably beat you up pretty good on a long ride.

ps. That front brake cable looks a bit too short.