It does seem like a brighter version of reality for the time however there are times that the "privileged" don't always see the poverty or the downtrodden so the film could also have been shot with the perspective of what those particular characters would see and perceive around them. I definitively think she would have been wearing a lot less clothing on stage and have immediately stripped out of it upon getting to the dressing room. One thing I did notice that is a little off topic. Did anyone else notice that the lily's were in an extremely large Elephant Vase? I know that a lot of the theaters of the day were very opulent and often used exotic themes, often asian and with Elephants. I wonder if the theater that was used by Ziegfeld was decorated with Elephants? Or if there was another inside joke or meaning behind it.