Spotted in Cambridge, this bike has seen better days but her previous beauty shines through and she's clearly still functional. I hope she's been rescued and is on her way to the Bike Spa.
Look at all that muck on her fork. The gold headbadge is lovely though!
The seat tube decals are what I first noticed about the bike.
I love the Art Nouveau styling of the original pedal blocks.
This two-toned paint scheme would be expensive to reproduce.
Note that the chainring reads "Phillips" (it's hard to see unless you enlarge the photo).