Classic Australian Wooden Power Boat Association

For those who like a challenge, this could come at a good price http://www.ebay.com.au/itm/V8-Clinker-Ski-Speed-Boat-/151322481520?pt=AU_Boats&hash=item233b85d370&_uhb=1

Is the stem pulled up at the front? Is it bent in the middle looks like some thing has gone wrong in construction or is it just a bad picture?