T J
Footballguy
Obviously - buy low, sell high. I get it.
Here's what's making me ask....
I attended a concert Tuesday night. On the way down (2 hr drive), I check Craigslist to see if there were some really good seats cheap. We already had tickets and were thinking that people looking to unload tickets were up against it time-wise and would take what they could get. I came across some brokerage sites and one in particular had excellent seats for sale but still $272 per ticket. No thanks. Looked at it again later. Same tickets now on sale for $232. Still not a chance they were worth that. So I called and asked if they couldn't sell them would they be interested in $50 per ticket since them not selling them at all means they never have a chance to make money on that event. He says to me, nope. We'll sell them somehow for more than that.
My questions are - how? How will they sell them? The concert had actually even started. Opening act started at 6pm and it was a little after that. But also, where do they get such good tickets from in the first place? And so many? In my mind, I theorized that the brokerage community and the venue were in it together. The venue lets brokers buy a certain amount of tickets in exchange for a commitment to buy a certain number of tix to events held there. Or possibly the venue simply gives the brokers tickets to sell and splits the proceeds somehow.
I've wondered this for a while and figured someone out there would know.
TIA
ETA... I should mention that this was not the sort of venue where you see a bunch of people near it selling tickets. It's a self-contained area where there is very little foot traffic.
Here's what's making me ask....
I attended a concert Tuesday night. On the way down (2 hr drive), I check Craigslist to see if there were some really good seats cheap. We already had tickets and were thinking that people looking to unload tickets were up against it time-wise and would take what they could get. I came across some brokerage sites and one in particular had excellent seats for sale but still $272 per ticket. No thanks. Looked at it again later. Same tickets now on sale for $232. Still not a chance they were worth that. So I called and asked if they couldn't sell them would they be interested in $50 per ticket since them not selling them at all means they never have a chance to make money on that event. He says to me, nope. We'll sell them somehow for more than that.
My questions are - how? How will they sell them? The concert had actually even started. Opening act started at 6pm and it was a little after that. But also, where do they get such good tickets from in the first place? And so many? In my mind, I theorized that the brokerage community and the venue were in it together. The venue lets brokers buy a certain amount of tickets in exchange for a commitment to buy a certain number of tix to events held there. Or possibly the venue simply gives the brokers tickets to sell and splits the proceeds somehow.
I've wondered this for a while and figured someone out there would know.
TIA
ETA... I should mention that this was not the sort of venue where you see a bunch of people near it selling tickets. It's a self-contained area where there is very little foot traffic.
Last edited by a moderator: