> Winning bidder instantly turns into an account holder at one of the most exclusive, legendary private bank The Bank of San Serriffe where intelligence is converted into electronic hexadecimal cash.

Obviously not. Knuth won't enter the name of the "buyer" on his web site.

> Membership: Only the very few, the 0.1% (the intelligentsia).

Certainly not. Source: am "member", but average.