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How about they just do a Dutch auction? Say you are selling 10000 tickets to something. Every person who wants to go submits a bid with the maximum they will pa
by cortesoft 4y ago
How about they just do a Dutch auction? Say you are selling 10000 tickets to something. Every person who wants to go submits a bid with the maximum they will pay for a ticket over the course of say, three days. Then, the band looks at the 10,001 highest bid, and charges the 10000 people bid higher that amount.
Everyone pays the same, and it is the fairest price to sell all of the tickets.
- tim-- 4y agoI tried setting up a platform exactly like this a few years ago, and launched it in Australia. I think you have no idea how deep the hole goes here. I can only speak of my local experience, but it was so hard getting off the ground. Convincing artists and promoters to use an unknown site, convincing users that they should place fair bids (no, you don't want to pay $9999 for a ticket...) The number of venues that had exclusive deals with Ticketmaster or Ticketek to be the sole seller of tickets for the venue also made selling tickets in larger venues impossible. I ended up winding down the platform after running it only for a few months. Maybe if I had more capital, and some better connections inside the entertainment community, things could have been different.