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>>

  • Baldwin: Rather pay up than apologize over arrest

    Baldwin: Rather pay up than apologize over arrest

    Actor Alec Baldwin is not apologizing over an incident that led to a disorderly conduct arrest in May.
    Actor Alec Baldwin is not apologizing over an incident that led to a disorderly conduct arrest in May.
  • Lawyers working to resolve LaBeouf's theater arrest

    Lawyers working to resolve LaBeouf's theater arrest

    Thursday, July 24 2014 12:35 PM EDT2014-07-24 16:35:07 GMT
    Lawyers say they are trying to resolve Shia LaBeouf's disorderly conduct case stemming from an incident at a Broadway show last month. Prosecutors and LaBeouf's lawyer told a judge Thursday that they're exploring an agreement to resolve the case. LaBeouf was arrested after he allegedly disrupted a performance of "Cabaret" starring Alan Cumming. He is due back in court Sept. 10.
    Lawyers say they are trying to resolve Shia LaBeouf's disorderly conduct case stemming from an incident at a Broadway show last month. Prosecutors and LaBeouf's lawyer told a judge Thursday that they're exploring an agreement to resolve the case. LaBeouf was arrested after he allegedly disrupted a performance of "Cabaret" starring Alan Cumming. He is due back in court Sept. 10.
  • Another video shows NYPD cop putting man in choke hold

    Another video shows NYPD cop putting man in choke hold

    Wednesday, July 23 2014 10:08 PM EDT2014-07-24 02:08:13 GMT
    The NYPD is investigating another apparent choke-hold incident during a recent arrest that was captured on video. The video shows a police officer putting a man in a choke hold and then punching him in the face in a subway station in Harlem, police said. A community activist said he received the new video but never had any intention of releasing it to the media.
    The NYPD is investigating another apparent choke-hold incident during a recent arrest that was captured on video. The video shows a police officer putting a man in a choke hold and then punching him in the face in a subway station in Harlem, police said. A community activist said he received the new video but never had any intention of releasing it to the media.
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 | Terms of Service | Ad Choices