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The people willing to pay those prices inflate them. I could buy a $1k car and list it for a million dollars tomorrow. If no one buys it, then it's not worth $1
by hypeatei 11mo ago
The people willing to pay those prices inflate them. I could buy a $1k car and list it for a million dollars tomorrow. If no one buys it, then it's not worth $1M. If someone does, then it's worth that amount.
- WheatMillington 11mo agoYou're ignoring the effect of scalpers, who dramatically increase the demand and thereby drive the secondary price up. It's self-fulfilling.
- hypeatei 11mo agoHow do scalpers create more demand? The demand is from people wanting to see the concert, no?