Quote:
Originally Posted by Rick Lee
I have no problem paying market value. But the brokers don't pay any more than face value for the tix. Why should they get them before anyone else, especially when TM advertises that you can go online at X o'clock and get your tix?
If, just before and after a hurricane, Home Depot and Lowe's did not raise the price of generators, but rather sold them all to scalpers, there'd be a near civil war. I'm perfectly willing to pay market value. But don't call yourself a retail business open to the public if you're really a wholesaler who won't sell or will barely sell to the general public.
As it is, I'm perfectly happy to buy my tix in the parking lot as the first song is starting and the brokers' monkeys are sweating. I have almost never bought tix before the day of the show, almost never been more than seven rows back from the stage and have never paid over face value.
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The brokers get good prices because they have contractual agreements to buy big blocks of tickets.
Let's say the broker buys 1000 tickets @ $100 each. They offer them at $300 and sell half of them. They have already made $100,000 profit and they are holding 500 tickets the day before the show. They sell them for $10 each to the "monkey" that isn't really sweating when he sells you the ticket for half the face value as the show starts.
Broker sells 500@ $300 plus 500 @ $10. Profit = $105,000
Broker monkeys profit $20,000
A rich guy who wanted guaranteed good seats is happy with his $300 seats. You are happy with your $50 seats right next to him. The venue is sold out. You're happy. Rich dude is happy. The broker and all his monkeys are happy. Market efficiency!