Ticket Scalping Debate

I am an artist.I want my fans to be able to come to my shows.I sell my tickets at a reasonable price to allow my fans to come.All the tickets get bought up and resold for prices a large majority of my fans can't afford.The venue is still full of my fans, but only the wealthy ones, and I have no method to allow my less wealthy fans to be able to come to my shows.I've also made notably less money that I would have if I sold my tickets at the scalper price.I am no incent

Ticketmaster celebrates scalpers.

Promoters are well aware that they sell tickets for less than they could get but I think it's unlikely to change. There are essentially 2 ways to distribute things. A free market model where the highest bidder gets to buy. Or a price control model where only some people get to buy based on some arbitrary selection model, usually first come first serve. And everybody else is SOL. When people think (emotionally) of what is "fair" they typically think of the price control model,

Ticketmaster enables "scalping" by offering a secondary market on their own platform. They have a vested interest in this, and due to a lack of real competition they have no reason to realign incentives. Meaningful competitors could do all sorts of things that make a difference in this area.Consumers are also the people running the concerts themselves (performers and whatnot) who have bad experiences with Ticketmaster but don't really have an alternative. Lower fees, non-exclus

afaik, scalpers will often be selling tickets that have been bought speculatively in large blocks during pre-sale or when sale starts. this is a whole very complex side industry in itself, and being able to get those large chunks of cash up-front/early is beneficial for the artists/promoters/venues for lots of reasons. obv. this doesn't really apply to a super popular artist who is going to sell out on the first day, but there are very few artists/performers who do that.

But there's already a natural monopoly on tickets isn't there? You can only buy them from the venue that the show is taking place at. Surely if they see that the market will bear 10x the price they're asking, they'll just raise the face value price on the ticket. This would make it unprofitable for the scalper to buy them all and resell them, since he could no longer ask 10x the price.

It's pretty weird how popular music and comedy acts resist setting ticket prices at market clearing levels. If you're selling tickets at a flat rate and a sellout happens in a few minutes that means your tickets were too cheap. Shortages in a market are bad and can be solved with higher prices. Acts that leave surplus on the table are mostly benefiting scalpers not the fans, and it is also part of the reason Ticketmaster can tack on their huge fees. In the internet era there is no reason not to

Treat them like an airplane ticket, you don't see others getting on when it isn't in their name, do you? I don't see people scalping flights to shady people for the past 20 or so years, so it's possible.Ticketmaster simply won't take the measures, as they have absolutely no financial problem with the way it is now or throughout the history of them existing. Their only problem is trying to figure out how to get scalper prices themselves, which they've already tr

problem is, the scalpers run bots and take all the tickets before someone like me can make a purchase, then they jack up the pricethere may be a "market", but it's not a healthy one, nor should there be oneI want to do business with the band and venue, unfortunately, some grifters like the post want to abuse the system

With ticket scalping: the original seller sells all their tickets more quickly. The fans who want to see the gig the most get to see it, with less chance of tickets being made unavailable by people who don't want to see it as badly (i.e. don't want to pay as much money), and the ticket scalper makes a profit. Everyone's a winner.Here's hoping a cabal of billionaires don't start applying this logic to things like food or houses.