That's how it looked the day I purchased it. I had already removed the quill stem with flat bars -and obviuous retrofit-  the cheap straight seat-post -no saddle though- and the wheels. We'll talk later about the wheels
As can easily be seen the paint job is quite damaged (better don't have a look at the other side) and the decals are made from a frail thin sheet clearly unfit for reuse
At first glance it seems rather a forlorn sight but after some restoration work I hope that "la tua (sua) salute rifiorirà". And yes I like Opera.