 Janet True, president of the PONCHO board, has indicated that the gala auction will probably be replaced by something parallel to New York City's Tony Awards.The group was founded in 1963 to hold an auction to retire the US$35,000 debt accumulated by the Seattle Symphony's critically successful performance of Verdi's "Aida" at the 1962 Seattle World's Fair, the Century 21 Exposition.They exceeded their goal, raising enough additional money to give $50,000 to the Symphony to help establish the Seattle Opera, as well as $15,000 to the Council on Aging and $1,000 to the Seattle Chorale.