Someone scored on this one. I suspect that the seller under-priced it somewhat. Had it been my size, I'd have been tempted. He did say it was "Italian" but the serial number and the bb shell cutout suggest very early Carlsbad.
Someone ended up with a very fine steed..it even had the original Martano-rim wheels, you almost never see that.
Charles "have my early Sammontana Masi...but you can never have too many" Andrews Los Angeles