Wow, that's awesome.

You must be 1 really tall rider to need a stem with that high a rise in addition to the height that the vertical stem riser already provides. I had to cut mine down a couple of inches just to get the handlebars 1 inch below my saddle!

That paint job is immaculate. Regarding the fenders...if it were me, with a bike as pristine as that, I wouldn't dare take it out in the rain.