As we told you in the Real LI blog last week, an Upper Brookville mansion on the market for $12 million will be the site Wednesday night for a grand launch party for the second issue of the quarterly magazine Shawn Elliott Luxury.

The gathering, organized by Shawn Elliott Luxury Homes & Estates in Woodbury, has a decidedly exclusive invitation list -- about 300 people, each of whom probably have an annual bonus that equals the total lifetime earnings of the average worker.

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The party will run from 7 to 11 p.m. at the Villa at Chestnut Hill, at 34 Chestnut Hill Rd.

Guests will have their champagne wishes and caviar dreams fulfilled: they’ll be handed out free.