Sure, if you're obsessed with fashion, riding the latest tech that impresses your riding buddies. No way I'd spend ten thousand bucks on a carbon frame with 12 speed in back and one in front, battery operated shifting, hydraulic brakes. and now little motor assists! Is it a car or a bike?
That's a Cinelli bottom bracket shell, investment cast, stiff as hell. The crank won't loosen up. The lugged steel frame will climb like a bandit, despite the weight. Don't forget, steel is still real and maintains an elite market of riders in the know! They get in line for a Richard Sachs and wait months to get one! Youtube is full of videos of guys lovingly rehabilitating those old lugged steel frames, most of them mid range bikes in their day, albeit with modern drive trains, so there's nothing to sneeze at. Paramounts had great reputations, if they never fully overcame their Schwinn moniker.
24 pounds? A light weight gravel bike! Weight is irrelevant, well compensated for by crash worthiness. Those frames didn't break. They're keepers. If OP doesn't get a whole lot of money for it, at least he's passing along a classic that will make someone very happy. Don't knock the good stuff. The rear derailleur might be early Super Record or Nuovo Record, the preceding group. Bullet proof. If you raced, you used Campy. Nothing else came close.