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I'm amazed auctions have not taken over live show tickets. Scalpers skim off millions of dollars every year that events/middleman startup could capture themsel

by mrep 9y ago

I'm amazed auctions have not taken over live show tickets. Scalpers skim off millions of dollars every year that events/middleman startup could capture themselves if only someone designed a proper live show ticket auction.

vincentleeuwen 9y ago
TicketSwap is very popular in Amsterdam.
reggieband 9y ago
Stop being amazed and start building! I think that is a great idea.
- mrep 9y ago
  Haha, I'm already working on something else but maybe I will put it as one of my "other ideas" in my y combinator application.
spacehome 9y ago
The artists don't want this. They want fans long-term, and for the fans to not feel excluded because of monetary reasons. They believe that keeping the tickets at a below-market rate achieves this. Whether this strategy has the effect they desire I have no idea.
- mrep 9y ago
  So create a double selling strategy which sells low priced tickets for super fans and sell the rest at auction. Let's be honest, the "long-term fan" strategy is generally just a profit maximizing strategy due to repeat sells.
mertd 9y ago
There is a great Freakonomics episode on exactly that. tl;dr was that people don't like buying stuff via auctions. http://freakonomics.com/podcast/live-event-ticket-market-screwed/ http://freakonomics.com/podcast/live-event-ticket-market-scr...
- mrep 9y ago
  But will they deal with the extra hassle of an auction to see their favorite artists when their artists are incentivized by millions of dollars in extra profit by using an auction based system? I bet so