Originally Posted by
steelbikeguy
I haven't seen Roger St. Pierre discuss Phillips, but he did mention Speedwell in his Retro column in Cycling Plus:
Have we discussed this here yet, the fact that frame in the picture is absolutely
not titanium?

You can clearly see the lugs, because they're outlined in contrasting paint. The decorative hand-painting on the seatstay top eyes was a British tradition, with each builder having their own variation, so someone might even be able to tell us what brand of steel bike that is.
Yes I know Cecil Behringer and Pino Morroni made a lugged Ti frame but (1) it didn't look like this, and (2) Speedwell never made a lugged Ti frame.
I think most likely a magazine employee got confused as to which pic was supposed to go there.
Mark B