While the lugs suggest a Carlton Massed Start special, The point we are all making is that it's been repainted and modified.
In my opinion, the paint job is extremely impressive, well above carlton semi-custom standards. In particular, it appears that the red head lugs are outlined two ways - both in gold (very well done), AND ALSO there is a faint 'smokey' outline ATOP these lugs, on every lug. That's extremely impressive.
I don't think it's a $4000 bike but the paint seems to be in the $1000 ballpark. I'd sure like to know who was the painter, for future reference ... (hint, hint)
- Don Gillies
San Diego, CA, USA