Quote:
Originally Posted by sandtrapjack
Spot on there.
Sort of unrelated, but familiar territory. I have a little girl at home who simply had to go see the Cyrus kid in concert. So as soon as ticket go on sale I try and get some. Well they sold out 2 shows in 8 damn minutes. 8 MINUTES! Tickets were a couple hundred bucks a piece.
Then looked at eBay and the same seats I was looking at were selling for 4 figures each.
And that is what happens a lot, brokers buy huge masses of tickets in one fatal swoop, then offer them through other outlets (such as eBay) at 300-400 percent profit.
There needs to be a law, seriously.
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The demand needs to yield itself.
If the consumers decided the prices were too high the brokers would be stuck with tickets and the loss.
The unfortunate part is that the consumer never yields or shows good purchasing practices for entertainment. No price is too high and the market/brokers know that.