Re:Why Scalpers Can Get Olivia Rodrigo Tickets and You Can't
by LadyCailin on Saturday September 23, 2023 @10:01PM
(#37629486)
Dutch auction + no reselling, or only reselling at the exact price bought or lower. Otherwise scalpers just buy them all as soon as they’re released, and now they do whatever kind of auction they want, with the (previously) max price as the floor.
[ Parent
| on HN ]
Re:Why Scalpers Can Get Olivia Rodrigo Tickets and You Can't
by charcircuit on Saturday September 23, 2023 @10:48PM
(#37629721)
>Otherwise scalpers just buy them all as soon as they’re released
Scalpers would end up holding the bag if they did that. If no one is willing to pay $10k for a ticket, but then scalpers buy every ticket for $10k each they aren't going to me able to find anyone to resell the tickets to and will end up losing money.
Anyone can protect themselves from being scalped by just participating in the auction.