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I don't know if artists negotiate ranges on ticket prices. But I assume most would want to make an acceptable amount of money and allow most of their fans to af
by hooverd 3y ago
I don't know if artists negotiate ranges on ticket prices. But I assume most would want to make an acceptable amount of money and allow most of their fans to afford tickets, not just the rich ones.
- nickelpro 3y agoMost of their fans aren't going to the show at all. Demand far outstrips supply. In effect the number of less wealthy fans who can get into a show is a lottery. Ideally you would do just that, lottery off some tickets at affordable rates and sell the rest at market rate. But the market has adjusted to that too and re-sellers dominate such lotteries. If you offer the opportunity for arbitrage, the market will take advantage of that opportunity. So just sell at market rate, cut out the re-sellers entirely.
- bombcar 3y agoIt’s a perfect case for market segmentation - cheaper “less desirable” tickets that are NOT transferable (eg., tied to ID somehow, I could see them being cryptographically tied to a Apple Pay account, for example) and more expensive transferable tickets designed to soak the rich.