- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: These prices are ridiculous
Posted on 12/21/11 at 3:34 pm to LeagueCityTiger
Posted on 12/21/11 at 3:34 pm to LeagueCityTiger
quote:
there is price regulation in our country on certain items and I feel sporting events should fall under this umbrella
And yet I doubt you would call yourself a socialist--even though this is the logical extension of your argument. Whom would you choose to fix the price? How would you select those entitled to purchase at the fixed price, assuming there were at least 25 willing buyers for every seat available to be bought? No doubt it would require the establishment of a governmental bureaucracy to administer the thing.And of course, the funding of the bureaucracy would necessitate a tax increase. I am certain that an entire lobbying industry would evolve to represent those wishing to influence the bureaucracy to make rules favoring the lobbyists' clientele, and the amount spent on paying the lobbyists would dwarf the amount spent to buy a ticket in the current marketplace. But it would be "fair." As long as you got a ticket--right?
This post was edited on 12/21/11 at 3:36 pm
0
Posted on 12/21/11 at 3:36 pm to LeagueCityTiger
quote:
whatever the fair price should be it is obviously more than the face value they were originally sold for
Yes, they are bought up by ticket brokers who inflate prices because a certain aspect of society has the financial means or connections to purchase them.
you are blaming the middle man
the ticket broker is not the one driving up the cost, the ticket broker is profiting because the original offered price was lower than the price LSU and Alabama fans are willing to pay
Posted on 12/21/11 at 3:39 pm to molsusports
quote:
the ticket broker is not the one driving up the cost
I'm not sure this is entirely true. If ticket brokers corner the market (or buy enough to be able to influence price) then it is the brokers driving it up. Or at least contributing to the steepness of the price.
Posted on 12/21/11 at 3:42 pm to LeagueCityTiger
quote:
Yes, they are bought up by ticket brokers who inflate prices because a certain aspect of society has the financial means or connections to purchase them. These ticket brokers are as crooked as it gets.
Are there not laws against scalping tickets?? This is legalized scalping. No one is saying it's a constitutional right to be able to buy tickets, but there is price regulation in our country on certain items and I feel sporting events should fall under this umbrella. There should be a fair market value established. When tickets to a SPORTING EVENT that last two hours are going for $2000 in the nosebleeds, there is something fundamentally wrong with that...sorry.
pshhhhhht 99%er...go occupy something
Posted on 12/21/11 at 4:18 pm to BilJ
quote:
pshhhhhht 99%er...go occupy something
I'm the furthest thing from one of those wing nuts. I am all for free enterprise and capitalism as long as it somewhat regulated and fair. These tickets brokers have basically cornered the market on tickets and they have set the prices. It's not right. Is Wall Street not regulated? There are laws that regulate information and how it is disseminated to ensure the market is fair and equitable. These brokers have taken the equitable out of sporting events.
Posted on 12/21/11 at 4:35 pm to LeagueCityTiger
So what if they set the price. If nobody agrees to buy at the price "they set" then the price will come down.
Posted on 12/21/11 at 4:51 pm to MondayMorningMarch
quote:
My first semester tuition in Fall '77 was $119!
I rented a 3 bedroom townhouse in Tuscaloosa in 78' for $180/mo. Had 2 room mates so my cost was $60. My daughter has 2 room mates and pays $600/mo. total $1800. Something is wrong with that.
Posted on 12/21/11 at 4:54 pm to nycajun
quote:
I'm not sure this is entirely true. If ticket brokers corner the market (or buy enough to be able to influence price) then it is the brokers driving it up. Or at least contributing to the steepness of the price.
Sorry pal. This is pure capitalism. Its supply and demand only. If no demand then prices drop like a MF. There are plenty of sellers at the right price.
Posted on 12/21/11 at 6:00 pm to bama1989
quote:
Sorry pal. This is pure capitalism. Its supply and demand only. If no demand then prices drop like a MF. There are plenty of sellers at the right price.
Look at this way. There are 80,000 tickets. In an open, free market all 80,000 of those tickets would be for sale. In the last 7 or 8 years, the ticket brokers have made these deals in which they take 30-40,000 of these tickets off the market before they even go up for sale. Add corporate tickets that go to sponsors and that pool of available tickets now shrinks to 30-40,000 for the general public. The supply has now shrunk immensely. You are correct it is supply and demand, but my problem is with the ticket brokers who suck up these huge blocks of tickets thus driving up prices for average Joe and making them an enormous profit. Is that fair and just in our capitalisitic society? I honestly don't think so. Just seems fundamentally wrong to me.
Posted on 12/21/11 at 7:03 pm to LeagueCityTiger
quote:
have made these deals in which they take 30-40,000 of these tickets off the market before they even go up for sale
I'm calling BS on this.
Posted on 12/21/11 at 8:10 pm to notiger1997
quote:
ave made these deals in which they take 30-40,000 of these tickets off the market before they even go up for sale
The reason the tickets are affordable for anyone is because of these "deals" the ticket brokers have with the venues/bowls. The host of the game is "insured" by the purchase of these tickets. At a bare minimum, they break even on sale of that block of tickets. Its a risk for the ticket brokers too...they aren't just buying up tickets for the games YOU want to see. These brokers are buying a block of tickets to every stupid little game and concert that comes to the venue. So, when the BIG games do come around and the demand is high, they are making their money.
If the ticket brokers werent around every ticket in the house would be 500 bucks minimum.
Posted on 12/21/11 at 8:13 pm to InLesWeTrust
quote:
If the ticket brokers werent around every ticket in the house would be 500 bucks minimum.
Posted on 12/21/11 at 8:16 pm to bama1989
quote:
Sorry pal. This is pure capitalism. Its supply and demand only. If no demand then prices drop like a MF. There are plenty of sellers at the right price.
Not really, there are forms of protectionism in place so it isn't pure capitalism.
Posted on 12/21/11 at 8:28 pm to Golfer
quote:
I'm calling BS on this.
I obviously don't know the exact number, but I guarantee you it's high. There are a hell of a lot more ticket brokers out there than just Stub Hub.
Posted on 12/21/11 at 9:43 pm to LeagueCityTiger
I have no skin in this arguement. I went in 2003 so been there done that. I still say, atmosphere wise, that a top 20 SEC match-up in Tiger Stadium is much better of the though the build-up and novelty s of the circumstance was special. However, this is the furthest thing from "pure capitalism" when only a select few had access to the tickets at the value printed on the ticket when they were distributed. This is the same thing thats crooked about Wall St. When the supply is not controlled by the producer, its not capitalism. Ask yourselft these questions. this situation has been going on for a while where brokers make huge profits off of big events. In most cases, the event holders are quite content selling the majority of stock through ticketmaster for the price on the ticket plus some processing fee. What gives Joe Ticket Broker any more of the right to make a profit off of the ticket anymore than the event creators or you or me? Do you actually think the event players are content to make 200 on something that they can plainly see Joe ticket broker is consistently selling for 10x that price? Somebody is getting paid.
If the BCS put up a bid site and people paid what they are paying now for tickets then thats free market. However, when the BCS puts $350 on a ticket that you cant buy but they mysteriosly end up on the internet for $2500 - Thats manipulation.
If the BCS put up a bid site and people paid what they are paying now for tickets then thats free market. However, when the BCS puts $350 on a ticket that you cant buy but they mysteriosly end up on the internet for $2500 - Thats manipulation.
Posted on 12/21/11 at 9:49 pm to Ton Chou
tl;dr
ticket reserve
ticket reserve
Posted on 12/21/11 at 10:29 pm to Ton Chou
quote:
fee. What gives Joe Ticket Broker any more of the right to make a profit off of the ticket anymore than the event creators or you or me?
So are you saying folks who invest in artwork shouldn't be allowed to profit on it because they didn't "create" it? Wow......I wonder if some of you would have had the foresight to take a risk on reserves and had extra you would be singing the same tune? My guess is that you would be trying to squeeze every nickel out of them.
Posted on 12/22/11 at 1:23 am to manwich
quote:
wah wah get a job, loser
Posted on 12/22/11 at 5:19 am to Brageous
quote:
I REMEMBER WHEN YOU COULD GET A GALLON OF GAS FOR A NICKEL!
Come on! If you can remember that far back, you probably remember hunting wooly mammoths for breakfast too.
Posted on 12/22/11 at 11:45 am to LeagueCityTiger
quote:
There are 80,000 tickets. In an open, free market all 80,000 of those tickets would be for sale. In the last 7 or 8 years, the ticket brokers have made these deals in which they take 30-40,000 of these tickets off the market before they even go up for sale.
I agree that ticket brokers have become a huge business, but if you really think that HALF of the tickets go directly to brokers, you are out of your mind. Not every ticket on StubHub & TicketMaster ticket exchange are from brokers. Most of those are individuals looking for a market to sell their pair...not 200 tickets.
Let's break it down.
Dome holds 80,000
LSU gets 25,000
Bama gets 25,000
Sugar Bowl gets 30,000
So for ticket brokers to get 30-40,000, they would need to get every ticket that the Sugar Bowl has and then tap into the tickets the universities give to season ticket holders & staff. Highly unlikely.
I say brokers account for 15% of the total, tops. That's 12,000 tickets. The rest that are for sale are from people like you & me.
Page 7 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News