Maybe Bear Stearns should have turned to Bruce Springsteen for a bailout.

Tickets to Springsteen’s May 7 solo fundraiser concert at the Count Basie Theatre to help the facility defray costs of rehab work will be auctioned off with a minimum bid of $1,000 apiece, the Star-Ledger reports.

The auction begins at 6p tomorrow on the Basie website and runs until noon, April 2.

The Sledger reports that the Basie website…

will offer updates on what the current leading bids are, so bidders can make increases, if they wish to. In the event of a tie, the person who made the first bid will get the ticket.

In addition, some tickets will be distributed via a raffle. Each raffle ticket is $100, and each winner chosen will receive a pair of tickets. Raffle tickets will be available starting April 1, and winners will be drawn on May 1.

About 1,000 of the 1,543 seats will be auctioned, in maximum blocks of six, and seating location will be based on individual seat bid values.

OK, this is the part where all the grizzled fans who knew him when tell us about seeing Springsteen (and the E Street Band, to boot) for $1.25 in some cabana in Elberon back in ’73. Let’s hear it, folks…

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