Sad news but if correct I guess its a commercial decision so can be fully understood as I would suspect outside the main motorcycle events it has few visitors.To some of us it has sentimental memories,one of my old racing machines which I last saw in 1966 I rediscovered housed there in 2003.If its kept as a whole on the I.o.M. and improved and added upon it maybe Mr Murrays decision could be for the better,but if the collection is dispersed by auction it will be a sad loss to the island,as I doubt if anything approaching the depth of this collection could be assembled again,even the trivia has memories for many eg Aset of Maurice Cann's leathers.
Problem it will take a very rich person or organisation to purchase as a whole and I guess Bonhams are knocking at the door allready.
Over to you Manx Government