Yep. There wasn't even a "Made In Italy" sticker on it.

It is too bad that the paint was so far-gone because, despite the bike being an entry-level bike, I could now sell it for big bucks based on the "Colnago" name nowadays.

When I purchsed the bike in 2005, I paid $125 for it. It had been listed on CL (still very new back then) for weeks and the woman whom I bought it from said that she had had a hard time selling it. Heh.