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!