Nostalgia: Going Old

For the several hundred prospective buyers who strode into a hangar at the Orange County, Calif., Airport last week, the temptation to snap a ghostly salute was nearly irresistible. There, wing to wing, were the great ones of World War I: the DeHavilland D.H.4 Eberhardt S.E. 5a, Nieuport 28, Pfalz D-XII and Fokker D-VII. And right near by sat a green and cream Sopwith Camel—the type that downed the Red Baron—with a cutout figure of that daredevil, Snoopy, as the Baron's fearless foe, everyone surely knows. The occasion: an auction...