Auction details
Morphy Realizing The Dream Celebrity Auction
4:00 PM PT - Dec 21st, 2006
offered by
Dan Morphy Auctions LLC
2000 N. Reading Road
Denver, PA 17517
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Ringing the Opening Bell New York Mercantile Exchange
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Martin Luther King III 2006 Celebrity Benefit Auction |
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Thursday, December 21st, 2006
7:00 PM EST |
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Dream #006 |
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Ringing of the Opening Bell at the New York
Mercantile Exchange |
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The NYMEX Holdings, Inc. is the
largest physical commodity-based futures exchange and
clearinghouse in the world,
Since the New York Mercantile
Exchange was founded in 1872 with 62 dairy merchants, its
members have demonstrated considerable humanitarian concern,
with endeavors ranging from the establishment of a Sick and
Destitute Fund and a Saturday and Sunday Hospital Fund, to
direct aid to victims of the 1875 Galveston fire and the San
Francisco earthquake of 1906. During the First World War, the
Exchange contributed $15,000 to the Red Cross and nearly
$25,000 to the War Work campaign. Before the United States
entered the Second World War, the Exchange contributed a
mobile kitchen to the War Relief Society of Great Britain.
Since 1989, the Exchange's primary philanthropic vehicle has
been the NYMEX Charitable Foundation, with hundreds of members
and staff continuing to contribute time and resources to
communal efforts |
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Loud jackets,
louder voices, wild gestures
In the Exchange's famous trading rings, traders shout buy and
sell offers to each other and trade billions of dollars worth
of oil, gold, silver, natural gas, electrical power, and other
commodities.
Distinctive, colored jackets and strong voices make all the
difference for traders who gesture frantically as they compete
to buy and sell orders for themselves and hundreds of
thousands of customers. This unique, face-to-face method of
trading — called open outcry — serves to make trading on the
Exchange extremely fluid, quick, and exciting.
The winning bidder will see the excitement of trading in
the rings. At the Exchange museum, you can see how futures
trading developed and how it's used today to buy or sell
strategic global commodities. |
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The Exchange has played host to a
number of New York politicians including governor George
Pataki; senators Hillary Clinton and Charles Schumer; NYC
mayor Michael Bloomberg; and former NYC mayors Rudolph
Giuliani, David N. Dinkins, and Edward Koch. |
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Give someone
a memory never-to-be-forgotten -
Ring the
Opening Bell at the New York Mercantile Exchange! |
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The Exchange has held five names
over the course of its 134-year history: the Butter and Cheese
Exchange; the American Exchange; the Butter, Cheese, and Egg
Exchange; the New York Mercantile Exchange; and, after
converting to a for-profit membership structure in 2000, the
New York Mercantile Exchange, Inc. |
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Floor traders often don't
know each other by given name but by the bright yellow
or green badges that display their personally chosen
floor names. OIL, OPEC, DOLR, ESPN, GOAL, ID, EGO, BOOM,
LOUD, TALK, MILK, NYC, TAXI, NOSE, TV, ZEN, and ZEUS are
all traders on the Exchange. |
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The Exchange headquarters
building at the World Financial Center is 16 stories
high and 500,000, square feet. The site has an area of
64,549 square feet with 314 feet facing the Hudson River
and 216 feet facing Vesey Street. The building features
two three-story 25,000-square-foot trading floors. |
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Apples, eggs, butter, rice,
silver coins, imported frozen fresh boneless beef, Maine
and Long Island potatoes, plywood, dry beans, and frozen
dressed turkeys have all been traded during the
Exchange's 134-year history. |
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Auction Benefits |
Martin Luther King III 2006 Celebrity Benefit Auction |
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Thursday, December 21st, 2006 7:00 PM EST |
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Realizing the Dream,
Inc., with headquarters in Atlanta Georgia, is a non-profit
organization dedicated to making Dr. King’s dream a reality by
helping make the American dream a reality for all. Realizing the
Dream seeks to continue the legacy and work of Dr. and Mrs. King in
wiping out poverty and injustice through programs that foster peace
and nonviolent social change, empower poverty stricken communities,
and develop strong leaders among the nation’s youth. Monies raised
from the auction will be used directly to carry out these programs.
Special thanks to
http://www.nymex.com/index.aspx for sharing content. |
*Transportation and any travel expenses
are the responsibility of winning bidder.
*All dreams to be scheduled in accordance with celebrity
availability at a mutually convenient time. |
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