• Joe Waugh was a brand of M Steel cycles of Newcastle, whose chief builder was Dave Yates. Unless you think it is a DIY repaint with replica stickers, the frame was either made by, or repainted by Dave.

    Those top eyes are more like Dave's than Colnago which tended to be rounded, not wraparound, and lug cut outs were club shaped.. Also, the Colnago name tended to be on the frame somewhere.

    There are some photos of a repainted Colnago earlier in this thread, about a page back showing typical top eyes and lugs.

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