the newly restored bike was unveiled at the Rhinebeck Grand National Meet. The bike belongs to Frank Westfall from Syracuse, NY. According to some info I found online, the bike was originally built by O. Ray Courtney in 1936 and is based on a 1930 K.J Henderson.
I read somewhere in the post that the gauges were from a Pierce Arrow
For a whole gallery and write up, http://www.knucklebusterinc.com/features/2010/07/15/1930-art-deco-henderson
Thanks to Chris (of http://chrisoncars.com/ ) for letting me know about this cool bike!
For a bicycle of similar unusual art deco / victorian styling:
Update, Jan 2015,
Found on https://www.facebook.com/groups/654324954604252/