Madoff's tickets bid to $2,375 on eBay

Apr 11, 2009 By RONALD BLUM , AP Baseball Writer
New York Mets pitcher John Maine wipes his face after Florida Marlins' Hanley Ramirez hit a solo home run in the first inning of a baseball game in Miami, Friday, April 10, 2009. (AP Photo/Alan Diaz)

(AP) -- Bernard Madoff is still making a market - at least his Citi Field seats are.

The two for Monday's Citi Field opener owned by Bernard L. Madoff Investment Securities were bid up to $2,375 by 11 p.m. EDT Friday on

Seats 5-6 in the eighth row in section 11, just to the home plate side of the New York Mets' dugout, are being sold by the trustee overseeing the liquidation of Madoff's businesses.

Thirty-seven bids had been made for the tickets, which are called Delta Club Gold and come with access to the Delta Club behind home plate. The tickets retail for $525 apiece, and there is a deadline of 9:56 a.m. EDT Sunday to bid for the seats.

Lawyer Irving H. Picard worked out a deal with the Mets, returning to the team two $695 seats in the second row, called Delta Club Platinum, in exchange for the pair being sold on eBay. Links for other tickets for the first homestand were posted Friday on Picard's Web site, http://www.madofftrustee.com .

Two tickets for each of the remaining games against the Padres, on April 15-16, and for the three-game series against Milwaukee from April 17-19 were put on sale on StubHub.com. Those tickets are selling for $450 each.

Mets owners Fred Wilpon and Saul Katz were close to Madoff, who pleaded guilty March 12 in federal court to 11 counts, including securities fraud and perjury, stemming from a Ponzi scheme prosecutors said was worth $64.8 billion. The 70-year-old Madoff faces up to 150 years in prison at sentencing June 16.

Wilpon, Katz and many entities of their company, Sterling Equities, and various affiliated foundations are among the swindled creditors.

According to a motion filed with the court, Madoff's firm bought two Delta Club Platinum ticket - section 16, row 2, seats 5-6 - for $80,190. Those tickets are worth $295-$695 per game, depending on the opponent and day of the week, and average $495 - the top price in the ballpark.

The Mets agreed to exchange them for the Delta Club Gold Seats, which are worth $60,750, a range of $225-$525 per game and an average of $375. The team will refund the $19,440 different between the face values.

If the court approves, April seats would be sold for individual games and the rest as a package. The trustee felt the less expensive Delta Gold seats were "more marketable" and gained renewal rights for the purchaser of the bulk of the season plan.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: Twitter blocks two accounts on its Turkish network

add to favorites email to friend print save as pdf

Related Stories

Will Wright to leave Electronic Arts

Apr 08, 2009

(AP) -- Will Wright, the video game designer behind such hits as "The Sims" and "Spore," is leaving game publisher Electronic Arts Inc. after 12 years.

Recommended for you

LinkedIn membership hits 300 million

Apr 18, 2014

The career-focused social network LinkedIn announced Friday it has 300 million members, with more than half the total outside the United States.

Researchers uncover likely creator of Bitcoin

Apr 18, 2014

The primary author of the celebrated Bitcoin paper, and therefore probable creator of Bitcoin, is most likely Nick Szabo, a blogger and former George Washington University law professor, according to students ...

White House updating online privacy policy

Apr 18, 2014

A new Obama administration privacy policy out Friday explains how the government will gather the user data of online visitors to WhiteHouse.gov, mobile apps and social media sites. It also clarifies that ...

User comments : 0

More news stories

Making graphene in your kitchen

Graphene has been touted as a wonder material—the world's thinnest substance, but super-strong. Now scientists say it is so easy to make you could produce some in your kitchen.