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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Madoff's Mets baseball tickets may soon go on eBay Tue Apr 7, 2009 6:10pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Martha Graybow NEW YORK (Reuters) - Bernard Madoff's $80,000 New York Mets baseball season tickets may be sold -- sort of -- to the highest bidder on eBay. The trustee liquidating Madoff's assets wants court permission to sell the tickets in an online auction and use the proceeds to help reimburse Madoff's defrauded customers. But the buyer will not get Madoff's exact seats. Madoff's tickets were for two seats in the second row behind home plate in the Delta Club Platinum section and had a face value of about $80,191, or $295 to $695 per single ticket. Court-appointed trustee Irving Picard has worked out a deal with the Mets to exchange Madoff's seats for two less expensive ones a few sections over and a few rows back with a face value of $60,750. The trustee would get a $19,440 refund for the difference between the platinum and gold seats, a lawyer for the trustee said in a U.S. Bankruptcy Court filing on Tuesday. "While the tickets are still for excellent and exclusive seats, it is the view of the trustee that the less expensive tickets will be more marketable, especially given the current economic environment," attorney Marc Hirschfield wrote. The Mets are due to play their first regular season home game in their new ballpark, Citi Field, in the New York City borough of Queens, on April 13. Madoff's tickets include access to the Delta Sky360 club at the stadium and a parking pass. Madoff pleaded guilty last month to running the biggest investment fraud in Wall Street's history, which prosecutors have said bilked investors out of as much as $65 billion. He is in jail and could be sent to prison for the rest of his life when sentenced in June. The once-respected money manager was known for being a Mets fan. The team's owner, Fred Wilpon, was among thousands of investors defrauded by Madoff. The trustee is typically required to seek court approval before disposing of any of Madoff's assets. (Reporting by Martha Graybow; Editing by Toni Reinhold) © Thomson Reuters 2009 All rights reserved Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Page first turned on e-book idea long ago also on reuters Blog: Another reason why inflation is a good idea Smaller hams may grace Easter tables Video Video: Farmer seeks loans from customers More Technology News Yahoo's plan: create community from isolated sites Australia to invest $31 billion in broadband Salesforce offers customers free service Taiwan's Elan sues Apple over touchscreen patents Google is good for newspapers: executive More Technology News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. 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Madoff's Mets baseball tickets may soon go on eBay
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