I bought this Italian made Puch back in 1989 with all the money I had in the bank and more. (And yes, I know Puch is an Austrian company. I guess early bicycles were made in Italy) It has Columbus SLX tubing, fully lugged frame and a Campagnolo seat post! Back then this bike was impressive and super light!
About 15 years ago when everybody in LA was riding a fixie I made it a single speed with a flip flop hub. I saved all the original Shimano 105 components in a box. Of course, now I’m probably too old to ride it as a single speed. I thought about selling it recently but it just looks so cool hanging on the wall. (I know, I know. It should be ridden!)