The world's biggest hotel put on the world's biggest auction sale last week in Chicago. Everything movable (and some choice stationary items) in the 3,000-room Stevens Hotel went on the block. The Stevens, now the home of some 9,000 U.S. Army Air Forces students, cost its builders $28,000,000 in 1927, was sold to the Army for only $6,000,000 last December. Proceeds of the auction of its furnishings, which were last valued at $2,200,000, will apply against the Army's purchase price.
There were 6,600 different items in the auction, some of them in lots of more than 5,000. To Chicagoans, auctioneering...