I saw that red Equipe on eBay and made BF my next stop!
Per the 1985 catalog, it only came in silver. The 85 also had two water bottle cage mounts, whereas this red frame only has it only on the downtube. I've seen a smattering of pictures of red, dark blue and light blue purported Equipes here and there over the years. I wonder if this was some off-catalog thing, like the Turbo funny bike frames, or if they came out of Asia or Europe.