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I always figured that the slacker who is just to right of him with his hands in his pockets, beat him up and stole the bike, not long after that picture was taken.
I believe I've seen that same picture before with a story attached to it. If its the same p[icture I'm thinking of then its from Chicago.......I think it was the Chicago Tribune having a promotion for their newspaper delivery boys, the one with the most new customers in a set amount of time won the bike.
I thought the picture in it's un-cropped form showed the guys in front of the shoe store and the bike is likely a US KEDS contest prize. Notice the black high tops the lucky boy is wearing.
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