Identifying Italian road bike frame

Junky

Retro Newbie
Hi. Can anyone help identify the frame. It was bought second hand in Italy in the late 80s. The previous owners son said his dad always referred to it as his bianchi. He remembers the original head badge being red, green, yellow and black stripes. 1000053112.webp
 

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Paco is the make as stamped into the top of the seat stay and the P in the fork crown. Small high end builder and probably something to do with Raffaele di Paco who was an italian cyclist. Definitely 1980's vintage.
 
Paco is the make as stamped into the top of the seat stay and the P in the fork crown. Small high end builder and probably something to do with Raffaele di Paco who was an italian cyclist. Definitely 1980's vintage.
Pretty sure it's not connected to di paco as he was riding 50 years before the bike was made.
 
Pretty sure it's not connected to di paco as he was riding 50 years before the bike was made.
Framebuilders often borrow racers names to add a (historic) air of authenticity to their brand.
If the racer is current or living, money will change hands.

If not, it might be claimed as pure coincidence.
 
Framebuilders often borrow racers names to add a (historic) air of authenticity to their brand.
If the racer is current or living, money will change hands.

If not, it might be claimed as pure coincidence.

Framebuilders often borrow racers names to add a (historic) air of authenticity to their brand.
If the racer is current or living, money will change hands.

If not, it might be claimed as pure coincidence.
Thanks this has been so useful in assisting me in identifying the frame.
 
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