I bought this for $90, and pretty much had to replace EVERYTHING.
The stock wheels were faded from the AZ sun, they were once black, now they're faded copper colored.
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The headset had bearings that were set upside-down, and ridden for who-know-how long, so I bought a sealed cartridge version and replaced the bad bearings
The stock cranks were square taper, and loose, and still ridden. They could not be tightened down anymore, so I swapped an old 105 crankset I had, and I replaced the chainring with something I found on Amazon...
The stock bar/stem combo was like the wheels, so I replaced them with carbon bullhorns and carbon stem
The frame is cro-mo, and the fork is carbon. The paint job, not sure about, but it's spray paint, but it looks really cool to me.