I must say, this is one of the more amusing auctions to show up lately. Notice in particular how the seller has taken pictures of everything but what you really need to see. Luckily he shot the bottom of the bottom bracket, and one rear drop-out, which photos appear to indicate a nice, if repainted, italian Masi GC from the early 70s. This could well be a very nice deal for someone, for a rider, or a good restoration project:
You wonder why sellers of things like this don't at least take a look at successful auctions of similar things. He's going to likely get much less money than he would have gotten had he done it right. I would want some shots of the head-lugs, and the rear of the seat-lug, to be sure of what it is, though.
Charles Andrews Los Angeles
"everyone has elites; the important thing is to change them from time to time."
--Joseph Schumpeter, via Simon Johnson