Somebody forgot to tighten the spindle bolt!
Doesn't look like a wreck. I wonder if it's a 'case' of the early steering setup going "over center".
I do think that it is a wreck. Look at the mashed right front fender, both front wheels are folded under the car, the right headlamp is awry, and I wonder if the bent left running board is also a result of the mishap.
If you look real close, I think you can see the front wishbone bent and the axle pushed back- look at how the front tires are almost flush with the front of the fenders. Anyway, probably an easy fix. Looks like the running boards got bowed at the same time.
Wreck or not, quite the "moulded" body sculpting on this one !