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Free tickets sold on eBay are profiteering at the expense of the improverished

Geldof condemns sale of Live 8 tickets on eBay

LONDON (Reuters) – Live 8 organizer Bob Geldof has condemned as “sick profiteering” the sale of free charity concert tickets on auction Web site eBay.

This sale currently sits at GBP $99,100 (US $179,093.52). I’d say Geldof supporters are having fun. And this one is GBP $210,000 (US $361,620.72). But another is reasonably at GBP $82 (US $142.19).

Geldof branded the site an "electronic pimp" and called for a worldwide boycott. eBay said in a statement they were selling the tickets because "we live in a free market where people can make up their own minds," but said they would donate at least the equivalent of the fees they raised through the sale of Live 8 tickets. Geldof rejected this offer, saying instead he was appealing to their "sense of decency to stop this disgusting greed."

The concert is not to raise money for Africa but to "raise the profile of African poverty and influence leaders of the G8 group of industrialized nations."

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