V460 Cygni is the bright red star in the middle of the image.
This is one of the brighter carbon stars, it's visual magnitude is 5.84 in the V band, so it can be seen visually from most moderately dark sites without needing a telescope. The spectral type of V640 Cygni is C-N5, and it's distance from us is 419.11 parsecs (1366.955 light years).
This star was part of a 1986 study titled The Chemical Composition of Carbon Stars. I. Carbon, Nitrogen, and Oxygen in 30 Cool Carbon Stars in the Galactic Disk (Lambert D. L., Gustafsson B., Eriksson K., and Hinkle K. H.) .The study showed that carbon stars have C, N and O abundances similar to planetary nebula and they are consistent with G and M type giant stars. This study also showed that carbon stars are not hydrogen deficient.