By  on November 19, 2007

Private school auctions are the monied set’s newest playing field for one-upmanship.

A well-coiffed woman adjusts her glittery Carolina Herrera gown. Taking a deep breath, she exits her Town Car and steps onto a red carpet. Behind metal barricades, throngs of paparazzi call her name. Tonight, she is determined not to go home empty-handed. She’s got her eye on the prize.

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