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Out of curiosity, in case someone can explain this to me, I want to ask a question. Tickets for an event went on sale at 10AM from a local venue. You can buy ti
by sosuke 12y ago
Out of curiosity, in case someone can explain this to me, I want to ask a question. Tickets for an event went on sale at 10AM from a local venue. You can buy tickets from the venue site, but not pick a location, just a price point. Each time I select a ticket and price point they ask me to enter a captcha. I try again and again to see a no seats message. I go over to StubHub and BigStub only 7 minutes after 10AM and see they have thousands of tickets available for sale at a 50% price increase. They also have better seats than were available to me on the venue's site.
Is the venue just pre-selling tickets to StubHub or BigStub, or are there scalpers buying that many tickets.
- calbear81 12y agoHere's an article on Slate about what might be happening (albeit a bit old) http://www.slate.com/articles/business/moneybox/2011/03/tickets_to_hide.html http://www.slate.com/articles/business/moneybox/2011/03/tick... Also, generally there are pre-sales. I get notified about early sales on quite a few events either via American Express or Visa Signature.
- slg 12y agoSome scalpers will short sell tickets. They sell tickets they don't have on the assumption that they can purchase tickets later at a lower price. This was a large problem at this year's Superbowl. Tickets normally spike a couple weeks before the game and drop in price as the game approaches. This pattern didn't happen this year and prices actually went up drastically as the game approached. Many of these short sellers that were depending on ticket price dropping ended up having to refund the tickets they short sold at 2x or 3x the original purchase price. That ended up being cheaper than taking the loss on price they sold the tickets at minus the price they would have to buy the tickets at to fulfill their order.