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Thanks Pawlus, I kind of figured the same thing (early 90's). The 7 speed threw me off.
Maybe I've been Manchurian Candidated by eBay, but Montello frames alone seem to go for 500 upwards. Though I suppose not knowing about the wheels and not fancying the group on there, I'd be kind of paying that for the frame anyway (if you get me). Anyway, it's not been snapped up so it seems you're right.
Fintan
I’m by all means no expert on Pinarello but I’d date this frame as late 80/early 90s. I’m leaning more towards 1990s. The 7 speed drivetrain would suggest earlier but I doubt it. The cranks, brakes and front derailleur are from the 90s. Same goes for the cockpit. This is a nice frame, looks to be in good condition as well, but I wouldn’t say that it’s magnificently cheap.