The paint is just Rustoleum - not sure of the color and I chose it as it most closely matched the factory paint so chips are less likely to be seen. I assume it will not be that durable and will soon acquire what is termed "patina of age". And yes - I noticed the eyelets too - will come in handy if I ever want to put on a rack for touring. The more I look at it, these 27" wheel bikes are ideal for this type of conversion with their more relaxed geometry, large tire clearance, rack mounts and what's more is they are unloved and usually cheap.