This is where the Nobel Prizes are handed out. You are looking at the Blue Room. In the original design, this was supposed to be an open-air room. The plans changed but the name stuck. They jam 1,300 people into this room for the banquet. Not much elbow room, I suspect.
Up the stairs is the Gold Room, a fabulously ornate room that's on the dark side even in day time. Therefore, the pictures don't do it justice. The building has a tower that you can climb for a view of this beautiful city.
For the full effect, a video is definitely in order:
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