OPINION OF THE COURT
WALLACH, J.
The main question before us on this appeal is whether the highlighted words in a four-paragraph facsimile transmission from defendant Findlay in New York City, on May 3, 1999, to a valued client of defendant Christie's, Ernst Beyeler, in Basel, Switzerland, sufficiently sustains a cause of action in defamation, or whether it encompasses constitutionally protected opinion:
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