Turns out it is made up of the following and yes, I bought it.

Original light blue metallic paint on a Columbus Aelle frame with Cilo chrome fork
Cinelli bar, stem and white tape
Stronglight B-Hinault head set (looks like some plastic and metal mixed? or black colored aluminum?)
Rigida 700c Rims with Maillard 500 hubs
Unknown 7 speed cassette
Shimano Crank, brakes, rear derailleur, pedals and toe clips
Suntour Sprint front derailleur
Weinman brake levers and light blue hoods
Some kind of saddle which will be a white Sella Italia as soon as I can score one and some new conti tires.

This is going to be fun. My Look 585 has got a much older brother by about 24 years or so.