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re: How hash should the penalties be for ticket scalpers?
Posted on 11/4/26 at 1:09 pm to boogiewoogie1978
Posted on 11/4/26 at 1:09 pm to boogiewoogie1978
Scalping could be stopped easily however the ticket distributors have all built platforms / services for resell so they can extract a second set of outlandish fees from both the reseller and buyer.
BTW Scalping exists because the tickets were under priced originally. The bands and distributors of the tickets don't want the blow back from pricing tickets at FMV.
BTW Scalping exists because the tickets were under priced originally. The bands and distributors of the tickets don't want the blow back from pricing tickets at FMV.
Posted on 11/4/26 at 1:13 pm to boogiewoogie1978
Posted on 11/4/26 at 2:25 pm to boogiewoogie1978
They should all be scattered, smothered, and covered.
Posted on 11/4/26 at 2:26 pm to boogiewoogie1978
Death by firing squad.
Posted on 11/4/26 at 2:32 pm to lsupride87
quote:
Building bots to infiltrate a ticket site before the general public can purchase doesn’t seem like a “free market”
Build your own.
I promote knowledge. If one man can do it, another man can do the same.
You can also purchase these bots online very easily.
Posted on 11/4/26 at 2:50 pm to boogiewoogie1978
Corned beef?
Posted on 11/4/26 at 2:51 pm to boogiewoogie1978
quote:The real answer is what some artists have already started doing - attempting to price their tickets accurately up front.
How hash should the penalties be for ticket scalpers?
boogiewoogie1978
Fines?
Jail?
People jumping on a site and buying up all the tickets 20 minutes after they go on sale are ridiculous.
e.g. Taylor Swift or Olivia Rodrigo will price well-placed, close in tickets for, say $500...instead of pretending they are all only worth $100 and then having scalpers/bots swoop in and reap the benefits. At least in this scenario, the money goes to the artist AND bots have less incentive to buy the entire inventory.
But of course when the artists DO do that, we have the dullards on this same board starting threads bitching about how expensive the tickets are and what terrible people the artists are.
Posted on 11/4/26 at 3:08 pm to boogiewoogie1978
quote:
How hash should the penalties be
Have you seen Midnight Express? Pretty hash.
Posted on 11/4/26 at 4:12 pm to FearTheFish
quote:
A criminal organization to begin with.
Yep. Ticketmaster is the only game in town so it’s a monopoly. They’ve already been slapped by the Justice Department for all the bullshite fees they charge. They let all the ticket brokers buy big lots before the general public has the same opportunity. All you economists out there who think that equals a free market are numbskulls. That’s the antithesis of a free market. That’s a fixed market and a monopoly. The ticket brokers have a competitive advantage given to them by Ticketmaster with a wink and a nod. So it is an anti-competitive market with no competition that gives certain customers a distinct advantage. So don’t spout off about something that makes you look like an idiot. You want ticket sales to be a free market? Go back to selling them at arenas so you have to get in line the day before and sleep there in order to get tickets.
Posted on 11/4/26 at 4:16 pm to boogiewoogie1978
Posted on 11/4/26 at 5:23 pm to LSU Coyote
Free market doesn't have to mean rip everyone off.
Posted on 11/4/26 at 5:31 pm to Lou Loomis
quote:Again - this is why they should trade the FIRST TIME for what they are actually worth and not some obviously deflated, pre-determined amount.
Yep. Ticketmaster is the only game in town so it’s a monopoly. They’ve already been slapped by the Justice Department for all the bullshite fees they charge. They let all the ticket brokers buy big lots before the general public has the same opportunity. All you economists out there who think that equals a free market are numbskulls. That’s the antithesis of a free market. That’s a fixed market and a monopoly. The ticket brokers have a competitive advantage given to them by Ticketmaster with a wink and a nod. So it is an anti-competitive market with no competition that gives certain customers a distinct advantage. So don’t spout off about something that makes you look like an idiot. You want ticket sales to be a free market? Go back to selling them at arenas so you have to get in line the day before and sleep there in order to get tickets.
It should all be auction.
They've done this with some movie theaters - so-called "dynamic" pricing such that the obviously better seats cost more than the obviously worse seats. Of course, people get mad about that too.
Everyone gets pissed about the Ticketmasters of the world not wanting free markets...but to be fair on the other side, it seems pretty clear that the general public does not want one either. Instead, they want scarce things to be severely underpriced, so long as they have at least a random chance to be allocated some of it. It's dumb.
Posted on 11/4/26 at 8:33 pm to boogiewoogie1978
You don’t have to buy them ya know
Posted on 11/4/26 at 8:42 pm to boogiewoogie1978
Like Seat Geek? I think they should be severally penalized.
Posted on 11/4/26 at 8:57 pm to AllbyMyRelf
quote:
Building bots to buy the tickets and resell them is pretty much pure entrepreneurial arbitrage.
Disagree. First of all, it’s against TOS and not the way ticketing was ever designed to work. Second, modern scalping using bots creates a false scarcity that manipulates the actual market price. That is, there is no actual arbitrage before buying more tickets than you can use.
quote:
The market works by signals. Those signals are prices. Entrepreneurs work by acting on market signals to facilitate a cleared market (ie quantity demanded equals quantity supplied). For tickets, they see the prices are too low—the quantity demanded will exceed the quantity supplied. A market clearing price would be higher, so they buy the tickets and resell them at a market clearing price where QS=QD. Their reward (profit) is the spread.
That isn’t what is happening. There is a max amount that can be sold, and scalpers create the scarcity that drives market phenomena. They don’t see ticket prices being “too low”…they understand there is a max supply, seize the supply and create a secondary market. Sure, there is profit incentive and I understand why it happens, but this is market manipulation more than taking advantage of a hot market.
Posted on 11/4/26 at 9:18 pm to theCrusher
quote:
BTW Scalping exists because the tickets were under priced originally. The bands and distributors of the tickets don't want the blow back from pricing tickets at FMV.
Some of yall don’t understand markets at all. Free markets are defined by many buyers and many sellers. Scalpers are a natural disruption to actual free markets that can be used to establish a “market” or “fair” value.
Scalpers arent scalpers because they identify market arbitrage…they seize supply, raise prices and wait for those willing to pay more than market price, because they have taken the supply.
For a ticketed event, it makes no sense to say that one person buying more than one ticket is simply recognizing a profit opportunity. They can only be one admission. Pre-sold Tickets exist because the actual market (ie a line at the door) would be unruly and expensive for the host to monitor. So I completely reject the notion that one person buying more than they could possibly use is just recognizing a market opportunity. They are creating one.
Posted on 11/4/26 at 9:51 pm to OceanMan
They may be going against TOS. That’s a fine objection, but
quote:If prices weren’t “too low” then there’d be no profit in what they’re doing.
That isn’t what is happening. There is a max amount that can be sold, and scalpers create the scarcity that drives market phenomena. They don’t see ticket prices being “too low”…they understand there is a max supply, seize the supply and create a secondary market. Sure, there is profit incentive and I understand why it happens, but this is market manipulation more than taking advantage of a hot market.
Posted on 11/4/26 at 9:54 pm to OceanMan
quote:Wrong. You’re describing a “competitive” market, not a “free” market.
Free markets are defined by many buyers and many sellers.
Posted on 11/4/26 at 10:41 pm to AllbyMyRelf
The issue is Ticketmaster is known to cater to scalpers and saves alotmments of tickets for the resellers.
"Free market" shouldn't exist of a company with a monopoly on the ticket supply profiting from fees 3 seperate times on each ticket.
Ticketmaster would rather sell to scalpers than the attendees from the start:
Ticket master sells to scalper - 15% fee to Ticketmaster
Scalper sells to attendee- 15% to Ticketmaster
Attendee buys ticket - 15% to Ticketmaster
They're making 15% of the ticket price on each sale so each ticket sold to scalpers gives them an extra 30%. It's not a fair market issue. They're a mob running concerts.
"Free market" shouldn't exist of a company with a monopoly on the ticket supply profiting from fees 3 seperate times on each ticket.
Ticketmaster would rather sell to scalpers than the attendees from the start:
Ticket master sells to scalper - 15% fee to Ticketmaster
Scalper sells to attendee- 15% to Ticketmaster
Attendee buys ticket - 15% to Ticketmaster
They're making 15% of the ticket price on each sale so each ticket sold to scalpers gives them an extra 30%. It's not a fair market issue. They're a mob running concerts.
This post was edited on 11/4/26 at 10:43 pm
Posted on 11/4/26 at 10:51 pm to boogiewoogie1978
6 star hash
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