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I dont quite understand how artists profit from a secondary market, the scalpers dont pay them, they get face value tickets and sell them for what they can get
by daleharvey 18y ago
I dont quite understand how artists profit from a secondary market, the scalpers dont pay them, they get face value tickets and sell them for what they can get and pocket the profit.
I have not been "conditioned" to dislike scalpers, I have had to sit at a website for a concert and refresh every 30 seconds to not be able to get a ticket then watch them go on ebay by the ton on ebay for a stupid markup.
I know supply and demand comes into it, and comparisons will be drawn with the stock market, but the question is is that a model that we want to be copying?
what is fair in this case, is distributing tickets on the basis of disposable income fair? its often mutually exclusive with the entire reason the demand is high in the first place, which is the usually young with minimum income fans that told everyone about X.
The secondary market is one that purely exists to make a profit by creating no value and exploiting a system that lets the people with the means "win" over those without.
the exact can be said about domain hoarders, spammers all the way down to slave labour. just because there is a market for it doesnt mean it is the best way