Original brown paint looks like it's fading in some spots, and the previous owner may have tried some touch ups in some spots as well. Bottom bracket has some paint coming off, with small signs of rust, but not much.
Easton EC30 carbon fork, carbon seatpost. Sugino GT Japan 170mm crankset. Shimano 600 friction shifters and rear derailleur. Campagnolo Record hubs laced to Mavic clincher 700c rims.