Reply to post: Re: why would a promoter sell a $600 ticket for $100

New York outlaws ticket-hoarding buybots

Dr. Mouse

Re: why would a promoter sell a $600 ticket for $100

Why would a promoter sell the tickets for so much less than their obvious value?

Actually, you have a point. This sounds like basic economics. If the touts can sell the tickets for 5x+ their face value, then people are prepared to pay that much. So why aren't they being sold for that price in the first place?

I would guess there are PR reasons (promoter and artist don't want to be seen to be gouging the fans), but from simple economics it makes little sense that they are being sold so "cheaply" (relative to what people are prepared to pay)

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