4 ms·

But one of the reasons why you can't get a ticket in the first place, is because scalpers are buying tickets for the simple reason of reselling the ticket for a

But one of the reasons why you can't get a ticket in the first place, is because scalpers are buying tickets for the simple reason of reselling the ticket for a higher price. Scalpers increase market demand just as much as people that actually want to go and the only person profiting here is the scalper, who is not really deserving to do so here. If you are going to increase price with demand, at least let it go to the people behind the event/artist in a fair way.

josephcsible 4y ago
> But one of the reasons why you can't get a ticket in the first place, is because scalpers are buying tickets for the simple reason of reselling the ticket for a higher price. But the only reason that scalping is profitable is that more people want to go to these events at the original ticket price than there are seats available. > If you are going to increase price with demand, at least let it go to the people behind the event/artist in a fair way. I agree with this. When a show sells out in 5 minutes, the organizers should take note and charge more the next show.
- ChildOfChaos 4y ago
  > But the only reason that scalping is profitable is that more people want to go to these events at the original ticket price than there are seats available. In general yes, however I have seen plenty of events that didn't sell out and scalpers where left still selling tickets and perhaps some people only knew about sites like ViaGoGo so bought of there. I'm sure times when demand closely matches supply, it's still going to the scalpers because they get in there first.
djbebs 4y ago
No it is not.
- bheadmaster 4y ago
  Yes it is. --- See how pointless this type of comment is? What exact information are you trying to convey here? "I disagree"? Do you consider that your disagreement alone is supposed to be a valid argument?
cortesoft 4y ago
This doesn’t make any sense, and isn’t how a market works. Reducing supply to increase demand only works if you are the manufacturer of the item… if you have to buy up the entire market and hold them out to raise prices, it isn’t going to work because you are going to be stuck with inventory you paid too much for. I do agree with you that the solution should be to have the artist make the money… they should raise ticket prices or us an auction system to match the price to the demand.
- picsao 4y ago
- deleted 4y ago
  [deleted]
drewg123 4y ago
Scalpers are reselling tickets for profit because the artists price them too low, hence allowing the scalper to make money. Artists price tickets too low for a variety of reasons (the ego boost of playing to sold out venues, a misguided sense of loyalty to their fans, etc). All that is needed to stop scalping is to price the tickets appropriately when they are first issued.
- Dylan16807 4y ago
  - sigstoat 4y ago
    the internet is full of folks lamenting how little musicians make for their music. somebody suggests that they ought to be paid more and you subject them to rudeness?
    - Dylan16807 4y ago
      I quoted a single phrase to disagree with, not the entire post. If musicians want more money, great, get that bread. If a musician thinks they have plenty, and wants to let fans in for cheaper, it's horrible to call that objectively wrong and a misguided sense of loyalty. And we're talking about sold out venues going for very high prices; if those particular musicians say a certain price is high enough I will believe them.
  - bheadmaster 4y ago
    I disagree with the choice of language you're using, but I agree with the sentiment. Why the hell would a sense of loyalty to fans be called "misguided"? What does that even imply - that musicians should not be loyal to their fans? That seems like quite a businessman's perspective, looking at music as just show-business with the purpose of making money, instead of an art form. Some things are more important than money. Money is just a middleman. A lot of people seem to forget that.
    - 4y ago
googlryas 4y ago
How do scalpers increase demand? The supply is fixed and scalpers don't cause more people to want to go to concerts. If anything that cause fewer people to want to go to concerts?
- m000 4y ago
  They don't increase demand. They only increase prices because they buy in a matter of minutes ALL of the supply. Then the only way to get a ticket is through the scalpers. And OFC, they will charge you way ABOVE what would be the free market price of the ticket, i.e. the amount you would have to offer to find an individual willing to sell you their ticket, if the direct sales ended up to fans instead of the scalpers.
  - orangecat 4y ago
    And OFC, they will charge you way ABOVE what would be the free market price of the ticket They charge exactly the free market price of the ticket, which does not necessarily have any relationship to the face price. i.e. the amount you would have to offer to find an individual willing to sell you their ticket, if the direct sales ended up to fans instead of the scalpers. This doesn't make sense. If you had a magical way of allocating tickets to the people who genuinely most wanted to attend, the price you'd pay to get one of those people to sell you their ticket would be even higher.
  - googlryas 4y ago
    How exactly do they charge more than the free market price of the ticket? No one would buy their tickets if they charged an amount that was more than anyone was willing to pay. And scalpers are very incentivized to not sit on unsold tickets, since they are pure loss.

josephcsible 4y ago

> But one of the reasons why you can't get a ticket in the first place, is because scalpers are buying tickets for the simple reason of reselling the ticket for a higher price. But the only reason that scalping is profitable is that more people want to go to these events at the original ticket price than there are seats available. > If you are going to increase price with demand, at least let it go to the people behind the event/artist in a fair way. I agree with this. When a show sells out in 5 minutes, the organizers should take note and charge more the next show.

ChildOfChaos 4y ago
> But the only reason that scalping is profitable is that more people want to go to these events at the original ticket price than there are seats available. In general yes, however I have seen plenty of events that didn't sell out and scalpers where left still selling tickets and perhaps some people only knew about sites like ViaGoGo so bought of there. I'm sure times when demand closely matches supply, it's still going to the scalpers because they get in there first.

djbebs 4y ago

No it is not.

bheadmaster 4y ago
Yes it is. --- See how pointless this type of comment is? What exact information are you trying to convey here? "I disagree"? Do you consider that your disagreement alone is supposed to be a valid argument?

cortesoft 4y ago

This doesn’t make any sense, and isn’t how a market works. Reducing supply to increase demand only works if you are the manufacturer of the item… if you have to buy up the entire market and hold them out to raise prices, it isn’t going to work because you are going to be stuck with inventory you paid too much for. I do agree with you that the solution should be to have the artist make the money… they should raise ticket prices or us an auction system to match the price to the demand.

picsao 4y ago
deleted 4y ago
[deleted]

drewg123 4y ago

Scalpers are reselling tickets for profit because the artists price them too low, hence allowing the scalper to make money. Artists price tickets too low for a variety of reasons (the ego boost of playing to sold out venues, a misguided sense of loyalty to their fans, etc). All that is needed to stop scalping is to price the tickets appropriately when they are first issued.

Dylan16807 4y ago
- sigstoat 4y ago
  the internet is full of folks lamenting how little musicians make for their music. somebody suggests that they ought to be paid more and you subject them to rudeness?
  - Dylan16807 4y ago
    I quoted a single phrase to disagree with, not the entire post. If musicians want more money, great, get that bread. If a musician thinks they have plenty, and wants to let fans in for cheaper, it's horrible to call that objectively wrong and a misguided sense of loyalty. And we're talking about sold out venues going for very high prices; if those particular musicians say a certain price is high enough I will believe them.
- bheadmaster 4y ago
  I disagree with the choice of language you're using, but I agree with the sentiment. Why the hell would a sense of loyalty to fans be called "misguided"? What does that even imply - that musicians should not be loyal to their fans? That seems like quite a businessman's perspective, looking at music as just show-business with the purpose of making money, instead of an art form. Some things are more important than money. Money is just a middleman. A lot of people seem to forget that.
  - 4y ago

googlryas 4y ago

How do scalpers increase demand? The supply is fixed and scalpers don't cause more people to want to go to concerts. If anything that cause fewer people to want to go to concerts?

m000 4y ago
They don't increase demand. They only increase prices because they buy in a matter of minutes ALL of the supply. Then the only way to get a ticket is through the scalpers. And OFC, they will charge you way ABOVE what would be the free market price of the ticket, i.e. the amount you would have to offer to find an individual willing to sell you their ticket, if the direct sales ended up to fans instead of the scalpers.
- orangecat 4y ago
  And OFC, they will charge you way ABOVE what would be the free market price of the ticket They charge exactly the free market price of the ticket, which does not necessarily have any relationship to the face price. i.e. the amount you would have to offer to find an individual willing to sell you their ticket, if the direct sales ended up to fans instead of the scalpers. This doesn't make sense. If you had a magical way of allocating tickets to the people who genuinely most wanted to attend, the price you'd pay to get one of those people to sell you their ticket would be even higher.
- googlryas 4y ago
  How exactly do they charge more than the free market price of the ticket? No one would buy their tickets if they charged an amount that was more than anyone was willing to pay. And scalpers are very incentivized to not sit on unsold tickets, since they are pure loss.