I don't see the flashes in the version Orion437 posted. In the one first posted, the flashes are consistent with wire glints, but I haven't undertaken any analysis to test whether that's the most likely cause. Since the frame moves rapidly left and right during that period, a certain specific type of digital motion picture encoding error is also possible.
A CG influence is also indicated by the final seconds when the object appears to zoom away at high speed.
The motion of the object at :20 to :30 suggests pendulum motion from a suspension mechanism that would be more difficult to achieve in computer animation.
Oddly enough, I've been to Lecce, Italy, where this was allegedly filmed, but I don't recognize the setting.
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