image via Miami New Times archives week of August 24 - 30, 1988
All you had to do for an invite was put down a deposit, wait for an invitation in the mail, verify your order, and pay the remaining balance. This was all in the days of snail mail, checks and cash.
The night was supposed to include fashion shows, the Miami Music Awards, and an after awards show party. This ad appeared in a late August issue of the paper and the event was set for November. That's around 2 months advance promotion.
We can't find any reactions to the show, or even proof that it happened, but here's the first ad for it as it appeared in the Miami New Times in 1988...