Spectacular panorama of all participants in the Indianapolis 500 of 1932, in which Fred Frame would win from the 28th starting position. Each team fully represented and lined up nicely, standing across racetrack. Photo is printed with “20th 500 Mile International Sweepstakes Indianapolis Motor Speedway 1932” in upper left. Displays nicely, although there are approximately 6 visible creases to photo within the frame. VG.