I did one for a friend's neighbour a few years ago, a 1962 125 Vespa same colour blue as that, same colour rust as well come to think of it.I think it was going to be repainted in lime green and reassembled with a 4 speed gearbox instead of the original 3 speed.
That's looking very good. I've got a dog of a Vespa in at the moment, steel repair pieces pop-rivet in, clarted all over in underseal and sprayed with Dulux from a Squeezee bottle!