The Sting ray (20" wheels) is red. What you saw is the Orange Krate (16" front, 20" rear). It is priced at $417 on Amazon . It has a drum brake in front and a Bendix type brake in the rear. You can still get the 3 speed and Bendix combination for around $75 at
https://www.bicycleheaven.org but that is only the beginning. You would need to rebuild the rear wheel with new spokes. There is not enough nostalgia in the world to have me spend that kind of money on one. The reviews are mixed. It might be a fun bike to ride but there were quality and assembly issues in some reviews. Not surprising since Walmart was one of the retailers. It says. "Lightweight Frame" but at 39 pounds it is no lightweight bike considering the small wheels and small frame.