1904 St. Louis World's Fair Wooden Bicycle

My friend - historian and collector Colin Kirsch from England (you probably know his THE ONLINE BICYCLE MUSEUM) found a link to the auction hall offering an interesting wooden bike, but with it a number of questions for cycling collectors.

He himself writes: "AUCTION WATCH: Hand-built wooden bicycle which was raffled at the 1904 St. Louis World's Fair. Historic? Or vintage crap? It's coming up for auction on Sun, Jan 31, 2021 in the USA. Auctioneer's description: "outstanding original 1904 St. Louis World's Fair wooden bicycle." It's early 1900s and has a subsequent owner's paperwork with it that connects it with the 1904 World Fair, but it's a home-made decorative piece that does not look functional. The 1940 photo says it won second prize. But what was the competion for? I don't like it. What do you think? "

More info here - https://www.liveauctioneers.com/item/95493730_1904-st-louis-world-s-fair-wooden-bicycle?fbclid=IwAR1Xh-f-KpJKfnYxHjceGq_XNZdDmyScFws9Hli_XPiP6hrLbfSCHmFd5s4

1904 St. Louis World's Fair Wooden Bicycle