NEW YORK (AP) – The trustee overseeing the liquidation of Bernard L. Madoff Investment Securities is giving the Mets a little competition in the ticket-auction business.
Lawyer Irving H. Picard asked a U.S. Bankruptcy Court for permission yesterday to sell the company’s two Mets season tickets.
In exchange for returning to the team two seats in the Delta Club Platinum section in the second row behind home plate, which range from $295-$695 depending on the game, the trustee would get to auction two seats just behind it in the Delta Club Gold section behind home plate.
Those tickets range from $225-$525, the price for next Monday’s opener and interleague games against the Yankees.
Picard said he reached an agreement with the team to transfer the tickets, which include parking, renewal opportunities and the right to buy tickets to postseason games.
“The New York Mets have been very helpful in assisting us in the process of deriving value from the Mets tickets held by BLMIS,” Picard said in a statement. “Their cooperation is appreciated and will allow us to generate the best possible return for Madoff’s victims.”
Picard intends to sell tickets for April games, including the opener, individually to the highest bidder either through an online auction or a ticket broker. The remaining tickets would be sold in a group in an online auction, with a minimum bid of 50 percent of their value.
Details of the auction were to be released today on Picard’s Web site, www.madofftrustee.com.
Update: Latest eBay bid up to $800. Any bidders out there?
Update 4/9/2009: Latest eBay bid up to $1,500. Bidding ends Sunday.
Update 11:24 a.m. 4/10/2009: Latest eBay bid up to $1,881.
Update 1:17 p.m. 4/10/2009: Latest eBay bid up to $1,925.