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	<title>The Washington Independent &#187; Mets tickets</title>
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		<title>The Day&#8217;s Biggest Economic News: Judge Decides Fate of Bernie Madoff&#8217;s Mets Tickets</title>
		<link>http://washingtonindependent.com/38687/the-days-biggest-economic-news-judge-decides-fate-of-bernie-madoffs-mets-tickets</link>
		<comments>http://washingtonindependent.com/38687/the-days-biggest-economic-news-judge-decides-fate-of-bernie-madoffs-mets-tickets#comments</comments>
		<pubDate>Tue, 14 Apr 2009 21:15:18 +0000</pubDate>
		<dc:creator>Mary Kane</dc:creator>
				<category><![CDATA[Blog (deprecated)]]></category>
		<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Mets tickets]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Retail sales]]></category>

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		<description><![CDATA[<p>Sure, President Obama <a href="http://www.huffingtonpost.com/2009/04/14/obamas-state-of-economy-s_n_186603.html">delivered </a>a major speech on the economy and new figures show <a href="http://www.marketwatch.com/news/story/us-retail-sales-slump-11/story.aspx?guid={716055E7-5AB4-40F9-BD4F-164079839EC8}&#38;dist=msr_15">falling</a> retail sales in March. But let&#8217;s face it, the biggest economic news probably is a judge&#8217;s ruling today that disgraced financier Bernard Madoff&#8217;s season tickets to the Mets can be auctioned off to <a href="http://washingtonindependent.com/38687/the-days-biggest-economic-news-judge-decides-fate-of-bernie-madoffs-mets-tickets" class="read_more">More...</a></p>]]></description>
			<content:encoded><![CDATA[<p>Sure, President Obama <a href="http://www.huffingtonpost.com/2009/04/14/obamas-state-of-economy-s_n_186603.html">delivered </a>a major speech on the economy and new figures show <a href="http://www.marketwatch.com/news/story/us-retail-sales-slump-11/story.aspx?guid={716055E7-5AB4-40F9-BD4F-164079839EC8}&amp;dist=msr_15">falling</a> retail sales in March. But let&#8217;s face it, the biggest economic news probably is a judge&#8217;s ruling today that disgraced financier Bernard Madoff&#8217;s season tickets to the Mets can be auctioned off to benefit victims of his Ponzi scheme, Reuters <a href="http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1443340620090414">reports.</a></p>
<blockquote><p>Madoff&#8217;s tickets were for two seats in the second row behind home plate in the Delta Club Platinum section at the new Citi Field. They had a face value of about $80,191, or $295 to $695 per single ticket.</p>
<p>Trustee Irving Picard has worked out a deal with the Mets to exchange Madoff&#8217;s seats for two less expensive ones a few sections over and a few rows back with a face value of $60,750.</p>
<p>The trustee would get about $20,000 for the difference between the platinum and gold seats, Vanderwal said in court.<span id="more-38687"></span></p>
<p>Madoff&#8217;s tickets for Monday night&#8217;s first Mets home game of the season against the San Diego Padres were sold for $7,500 on eBay (<span id="symbol_EBAY.O_0" style="cursor: pointer;"><a href="http://www.reuters.com/finance/stocks/overview?symbol=EBAY.O">EBAY.O</a></span>) on Sunday. The Mets lost 6-5.</p>
<p>His tickets for the rest of the season will now be made available for bidding.</p></blockquote>
<p>This should be some small consolation for Mets fans who lost their savings to Madoff.</p>
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