12-12-12 Sandy Concert Tickets Pricey, If You Can Find Them

A star-studded benefit concert is set for next Wednesday, but concert organizers are concerned that the money raised by ticket sales may wind up in the wrong pockets.

The “12-12-12″ benefit show is being put on by the Robin Hood Foundation, with every cent raised designed to go to Superstorm Sandy victims, including the fee Ticketmaster usually collects.

CBSNew York reports the Madison Square Garden show sold out almost immediately when tickets went on sale on Monday, leaving fans looking to the secondary market for tickets.

That’s where the controversy can be found.

On StubHub, floor seats were going for as much as $38,000 and Upper Level seats were being sold for at least $400, CBS 2′s Emily Smith reported.

“A regular ticket that would be like $200 would be at $700, $800,” one woman looking for tickets told Smith.

All of the face value money from the original purchases will go to help Sandy victims, but nobody can be sure what scalpers will do with their earnings.

The charitable organization sponsoring the benefit concert said there is nothing to stop scalpers from pocketing the profits they make off selling their tickets.

“I really hope that they don’t. Too many people need all of our help,” Robin Hood Foundation Executive Director David Saltzman told CBS 2′sSmith.

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