Restored. This is a very early seat post clamp model, built with Simplex drop-outs and Simplex Competition Tour de France rear mech, Simplex hand operated front changer, Gnutti cranks with Simplex rings, Universal Sport brakeset, Cinelli steel bars and stem, San Marco leather saddle, Campagnolo Gran Sport hubs with Fiamme sprint rims, Way-Assauto pedals