This frame, dating back to 2004, is the first example of the famous carbon NERO by Passoni. The feature that makes it unique and recognizable is the titanium rear dropouts grafted into the carbon. The condition is good; it was repainted 3 years ago and used very little. Some components were replaced with new ones, while the wheels are dated. It is a one-of-a-kind handcrafted frame. I know its history because I worked at Passoni at the time, and the frame has been with me since 2004.