Referred to as the "Ricky Nelson Car". Originally built in 1951 by Ray DeFillipi in L.A. Most all '32 roadsters were called highboys cause the body sat on top the frame. He channeled it over the frame rails and it was referred to as a "Deuce Lowboy". It was originally Red and was featured in Hop Up Magazine in 1952.
Here is the rest of the history on it, up to date.