Look at fork ends... doesn't even have real dropouts, just squashed tubing. I see a end of a steel crank arm, probably one piece. You can even see the seat stays sticking in the edge of the photo all ungracefully like and attached funny. I looks pretty junky and I wouldn't go out of my way for it.
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1 Super Record bike, 1 Nuovo Record bike, 1 Pista, 1 Road, 1 Cyclocross/Allrounder, 1 MTB, 1 Touring, 1 Fixed gear