This rack was used by service stations or garages to hold oil cans / parts for sale. The design and style suggests that it could be from anytime between 1940 and 1970, making it a valuable collectors item for car enthusiasts.
Rack is 4.5 feet tall, 19 inches wide, and 6 inches deep when folded.
Condition is used, but aside from minor paint defects (see photos above), this FoMoCo rack is in great shape.