12/14/2008 05:12 am ET | Updated May 25, 2011

Sales of Inaugural Tickets Banned On EBay

At the request of members of a Congressional committee, the online auction site eBay and its subsidiaries have agreed to ban the sale of tickets to the inauguration.

Though each one of the 240,000 tickets to the Jan. 20 swearing-in ceremony are free, some entrepreneurial types saw a lucrative opportunity and were offering to sell the tickets at astronomical prices -- some as high as $40,000 each.

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