Quote:
Originally Posted by Moses
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!
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This is still a valid point: 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.
They should advertise that some tickets will be made available to the public at wholesale pricing, but don't suggest face value of the tickets is what the show costs if you are not offering the tickets for sale to the public.
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