Back in 2020, cudak 888 and I did a trade. He got a bronze-orange Peugeot PX 10 frameset and I got a 1971 Carlton Kermesse. The photo below is as he originally traded for it:
This next photo is as pretty much as I received it after cudak 888 put a lot of sweat equity into it:
This is the as finished restoration after the COVID slow down:
Detail shot of the pinch bolt lugs which had to be cut off and re-fabricated: