Sandy relief concert tickets being resold at huge markups - Los Angeles News | FOX 11 LA KTTV

Superstorm Sandy

Sandy relief concert tickets being resold at huge markups

Posted: Updated:
MYFOXNY.COM -

Bruce Springsteen, Billy Joel, and Alicia Keys are just a few of the big-name acts banding together with the Robin Hood Foundation to raise millions of dollars for victims of Superstorm Sandy at the 12-12-12 Sandy benefit concert at Madison Square Garden.

But now there are concerns that some of the money from tickets sales will go to lining scalpers' pockets, instead of rebuilding hard-hit areas.

Tickets for the event were originally priced from $150 to $2,500. But Fox 5 found some relisted for more than 5 times or 10 times the face value on sites like StubHub. One floor seat ticket is even going for $60,000.

StubHub said it will donate all of its proceeds from the ticket re-sales to Sandy recovery. But that is only a tiny percentage of what resellers stand to make on tickets that are marked up way above face value.

StubHub released this statement: "We have great sympathy for the charitable goals of the 12-12-12 Sandy Relief concert and, as has been reported, StubHub will be donating all service fees and commissions for the event to the Robin Hood Relief fund, the intended beneficiary of the concert. The StubHub marketplace does not technologically operate with price controls and restrictions and given that limitation we believe that StubHub offers the most consumer-friendly ticketing platform and keeping the marketplace open will maximize the financial contribution to this critically important charity. We intend to continue to allow resale for this event and encourage all ticket sellers to donate a share of proceeds to the charity as well."

  • Manhattan NewsManhattan NewsMore>>

  • Joan Rivers remains in NYC hospital

    Joan Rivers remains in NYC hospital

    Friday, August 29 2014 7:54 AM EDT2014-08-29 11:54:57 GMT
    Hollywood legend Joan Rivers, 81, remains in critical but stable condition at The Mount Sinai Hospital in Manhattan. The comedian and TV host was undergoing an outpatient procedure at a clinic on the Upper East Side on Thursday when she went into cardiac arrest and was rushed to the hospital. Her daughter, Melissa Rivers, issued a statement saying her mother was "resting comfortably."

    Hollywood legend Joan Rivers, 81, remains in critical but stable condition at The Mount Sinai Hospital in Manhattan. The comedian and TV host was undergoing an outpatient procedure at a clinic on the Upper East Side on Thursday when she went into cardiac arrest and was rushed to the hospital. Her daughter, Melissa Rivers, issued a statement saying her mother was "resting comfortably."

  • Arrest made in attack of mother, children

    Arrest made in attack of mother, children

    Friday, August 29 2014 6:18 AM EDT2014-08-29 10:18:52 GMT
    The NYPD arrested a suspect in the attempted sexual assault of a mother in front of her three children.  Police say they busted Pedro Vargas, 48, of Yonkers on Thursday.  Chilling surveillance video released by cops showed a  man pretending to be a livery cab driver, pulling the woman out of a car, elbowing her five-year-old child in the face and tossing her three-year-old child onto a sidewalk in Queens.
    The NYPD arrested a suspect in the attempted sexual assault of a mother in front of her three children.  Police say they busted Pedro Vargas, 48, of Yonkers on Thursday.  Chilling surveillance video released by cops showed a  man pretending to be a livery cab driver, pulling the woman out of a car, elbowing her five-year-old child in the face and tossing her three-year-old child onto a sidewalk in Queens.
  • Mayor pushes back pre-k concerns

    Mayor pushes back pre-k concerns

    Thursday, August 28 2014 10:16 PM EDT2014-08-29 02:16:46 GMT
    Mayor Bill de Blasio, educators and city leaders gathered at p.s. 307 in Brooklyn on Thursday to talk with pride about more than 50,000 kids who have enrolled in pre-kindergarten. Universal full-day pre-k was a platform of his campaign when he ran for mayor.Schools Chancellor Carmen Farina also feels the pre-k program is ready for launch.
    Mayor Bill de Blasio, educators and city leaders gathered at p.s. 307 in Brooklyn on Thursday to talk with pride about more than 50,000 kids who have enrolled in pre-kindergarten. Universal full-day pre-k was a platform of his campaign when he ran for mayor.Schools Chancellor Carmen Farina also feels the pre-k program is ready for launch.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices