I've always loved those Studebakers. When I was in the age range of 9 to about 14 one of the "older guys" up the street who was about 20'ish y.o. had one very much like your pic except it was a blue color; nosed, decked, a few other custom touches; with a mildly worked 327 that sounded awesome every time he cruised up our little street.

I was born in 1949 so I'm still thinking of building something around a '49 something or other. Maybe a nice Caddy like this one: