Nice bike! Nice pics too!
A few parts anomalies already noted by Dave B. All the good stuff is there though.
The wheels are definitely not original to the bike (he said carefully, having put his foot in his mouth a couple of times in the last two weeks).. this bike would have had Record hubs with appropriate QR and--at the risk of starting yet *another* rim thread, perish the thought--Nisi rims. At least, that's how they usually came as assembled bikes.
Period-correct wheels are easy enough to assemble, harder to find assembled, ya gotta be lucky there. And since those Nisi rims often busted if you looked too hard at them, old-logo fiamme reds or yellows would probably be a plausible period replacement (and maybe easier to find than correct period Nisis..). I should also point out that you occasionally saw these with the gold-anodized Nisi rims (I have a brochure that shows this), but those rims were/are *super* light...they'd look awfully nice with that blue though.
That particular drilled ring on the bike is incredibly hard to find. I've been looking for one forever. I almost bought a bike like this just for the ring, but managed to stop myself. So, I keep looking..<g>
The seat-tube-badge decal is interesting. It appears to be one of those reverse-image graphics that Brian Baylis has mentioned a couple of times. The outline is supposed to be black, but the decal may have been applied on the wrong side, or the decal itself was printed incorrectly. Nothing wrong with that at all, actually adds to the coolness factor, imho.
I'll be curious to see how this auction goes.
Charles "really, really, really glad it's too big for me" Andrews SoCal