Re:Why Scalpers Can Get Olivia Rodrigo Tickets and You Can't
by Spooky23 on Saturday September 23, 2023 @10:26PM
(#37629605)
Not every event is Taylor Swift and prices are dynamic.
Great example: I bought a bunch of tickets to take my little league to a Mets game, which turned out to be the game where David Wright retired. I sold the leftover tickets, which I purchased for between $12 and $30, for a minimum of $350. We built a batting cage with the proceeds.
On the other side, whenever I’m in the city for a few days, I’ll try to score a cheap premium ticket from a season ticket holder who can’t make the game - and frequently do.
IMO the biggest issue with tickets is that it’s 2023 and we live in a pseudo libertarian business climate. It’s a market that should be regulated, as the ticket platform has an incentive to optimize their own self-dealing. The platform gets a vig for each transfer, so maximizing transactions is the optimal path. I worked for a company whose successful entry into event ticketing prompted a buyout by Ticketmaster.
Great example: I bought a bunch of tickets to take my little league to a Mets game, which turned out to be the game where David Wright retired. I sold the leftover tickets, which I purchased for between $12 and $30, for a minimum of $350. We built a batting cage with the proceeds.
On the other side, whenever I’m in the city for a few days, I’ll try to score a cheap premium ticket from a season ticket holder who can’t make the game - and frequently do.
IMO the biggest issue with tickets is that it’s 2023 and we live in a pseudo libertarian business climate. It’s a market that should be regulated, as the ticket platform has an incentive to optimize their own self-dealing. The platform gets a vig for each transfer, so maximizing transactions is the optimal path. I worked for a company whose successful entry into event ticketing prompted a buyout by Ticketmaster.