The Campagnolo Victory was a tidy looking object, created to replace the legendary Campagnolo Nuovo Record with a derailleur with a more 1980s style.
But somehow it did not quite have the quality of finish required to succeed in that role. Perhaps the expectation was impossibly high - for some years the Nuovo Record had not really justified its stellar reputation - but even that doesn't excuse some of the Victory's more cynical weaknesses. The inside parallelogram plate was dimpled and not properly polished - as were the inside surfaces of the pulley cage. And then there was the over-complex system for adjusting the swing at the b-pivot. SunTour had been showing how this should be done since the 1960s - but Campagnolo had to reinvent the wheel with something just slightly worse.
This example is the third iteration of the Victory design. The pulley cage plates were extensively redesigned, the Phillips head adjustment screws and engraved main Allen bolts reflected some of the panache of the Campagnolo C-Record, and, you have to say, that the whole design felt more composed. It was introduced in the 1987 Campagnolo - Nuovo Victory, Nuovo Triomphe catalogue - and so is sometimes called the 'Nuovo Victory'.
Some key features of this third style of Victory are: