Yes, the color scheme shown in the photo was available in 1952. KF offered, throughout their run, one of the largest color selections in the market. This resulted in some very pretty, and in some cases very interesting, color combinations.
I mentioned earlier being familiar with this car and a previous owner. Fid pointed out the rear fender spears which would have not been used in 1952. I can tell you they were not present when I last saw the car. I wonder what else made its way onto the vehicle over the years!