Interesting subject , its already been pointed out that Waterfords are one of the finest crafted frames on the market , I haven't seen a new Masi I would spend money on. IV heard the rumors about the parts being farmed out to various small builders in northern Italy for brazing and being painted in So. Cal. IM very happy with my ' 75 California Masi ,I don't care witch one of the craftsmen brazed it. In fact IM so happy with it , a few years ago when I turned 50 , I was also celebrating 35 years of cycling , I needed something special as a present to me . So I had a Hetchins Magnum Opus built , I copied the dimensions of my Masi and sent them off to David Miller at Hetchins , they did an excellent job , the fork rake was off about a 1/16th of a inch , so what . Doe's it ride like my Masi , no . Jim McCoin , Fremont Ca.