Re:Consumers are increasingly pushing back against price inc...
by fuzzfactor on Sunday February 25, 2024 @09:25PM
(#39507020)
>If they price them at what they're worth, people grumble and complain about how expensive they have gotten, but that doesn't stop people from buying them,
So by now they're pricing them way more than they are worth, and people are buying it regardless, so there's still further upside :\
Re:Consumers are increasingly pushing back against price inc...
by sahila on Sunday February 25, 2024 @09:41PM
(#39507112)
How much are they worth? They're worth as much as someone is willing to buy one.
Re:Consumers are increasingly pushing back against price inc...
by SR2Z on Monday February 26, 2024 @09:49AM
(#39511836)
They're still pricing them below what they're worth, as evidenced by just how many tickets I've bought from scalpers at a markup.
I want concert tickets to cost more; I hate scalpers more than I hate the rich.
Re:Consumers are increasingly pushing back against price inc...
by fuzzfactor on Monday February 26, 2024 @07:38AM
(#39510582)
>This isn’t 1970.
Yeah, I remember when Led Zeppelin first came to my town.
All the way from England.
It wasn't 1970 yet either.
That was two dollars well spent.
A lot of people just don't get it: Tickets for major sporting events and concerts are luxuries for the rich, exactly like private jets. They are supposed to be unaffordable. I don’t know where this idea came from that a middle class family is supposed to just be able to afford live Taylor Swift tickets. This isn’t 1970.
If artists price them below what they are worth, they are going to sell out to (mostly) scalpers in 200 milliseconds. If they price them at what they're worth, people grumble and complain about how expensive they have gotten, but that doesn't stop people from buying them, so there is no downward pressure on the price.