I think it's on the side stand leaned over and the forks were aimed right, I'd agree that someone wanted his bike painted. According to the tag on the back someone else bought it because it reminded him of his old cb650.
For $20 and since there weren't any dogs playing cards or an Elvis on velvet, why not add it to my shop art collection?
I'll put it next to my Mario Andretti poster and mint Sturgis 75th anniversary Budweiser banner. I also have our old dragster body hung up and a few old Honda magazine ads. There are two early 50's coca cola metal signs hiding out there that were never mounted and near perfect.