The story line of a celebrity bachelor auction would be reused in the first season of Frasier, in Can't Buy Me Love (1994). Several behind-the-scenes people were involved in creating both episodes, particularly James Burrows and David Angell.
The Cape Cod Resort that Sam takes Lilith is the same resort where Diane surprises Sam at when he pretended to be with another woman.
The lights mentioned about integrated as part of the bar canopy decor and are in frame in many episodes.
In the shot where Woody says,"I don't think her intentions are honorable", you can clearly see stage lights at the top of the screen.