Actually the paint is quite salvageable unless you want a museum bike that you're afraid to ride
At least while it's stripped down you can do the following:
1. Take the frame to a car paint supplier and get them to match the blue perfectly.
2. Seal the edges around the seat lug with some clear enamel then build the area up which is exposed to bare metal with aerosol etch primer sprayed into an old cup, wait for some thinners to evaporate (outside!) and use a fine brush to build up a few coats at a time. Then flat with 600 grit strips glued onto coffee strirrers ( geek tip )
3. Then apply colour by same method.
4. When completed, wash, T-Cut and multiple coats of wax polish.
I think you'll be very pleasantly surprised, 200 quid richer ( expensive to paint and mask chrome lugs etc ) AND it'll be original
Check out my Mattolini and Pettenella in http://www.classicrendezvous.com/Italy/ ... Matteo.htm
http://www.classicrendezvous.com/Italy/ ... pecial.htm
that's the method I used and am pretty happy
It won't take too long and if you don't like it then at least the metal is protected until you get round to a total renovation?
my 10 cents...
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