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JayBruce--IMHO, you have a knack for bringing out almost unanimous opposition to even good ideas. The thought of a high end auction is nothing new--Siegels has had their rarities auction in stamps for years. It is not a hedge fund or Wall Street auction; it is an auction of the best lots that they accumulate over the year and then sell on one date. It is very popular and very well attended and generates alot of publicity. Similar auctions have happened in the past--remember the Copeland and the Halper auctions both took place in N Y City. Proposing a N Y City show is a good idea. Proposing a N Y City show that is by definition exclusionary is not.
My suggestion to you--lose the "we" unless you are heading to the mens room and then use several.