should ticket scalping be illegal? (unbelievable example inside)

[tcsenter]

You are assuming that the majority of people on Ebay have common sense, which, as we have seen TIME and TIME AGAIN, they do not. Witness people bidding outrageous ammounts to buy empty boxes that products came in. There just might be someone out there to buy my snotrag. I have nothing to lose, and $1,000,000 to gain.

Dude, nobody is going to pay $1,000,000, or even $20, for a box of Kleenex on Ebay. Trust me.

If people are paying for empty boxes an amount of money which would be paid for the box if it contained the product, they don't know they're bidding on empty boxes, regardless of whether the seller disclosed the box is empty.

 

[Hammer]

i love how that's his starting price and its "firm". dumb@ss.

 

[rudder]

Originally posted by: iwearnosox
Free market economy at work, what's the problem?

yes and zero bids so far.

 

[Richdog]

Originally posted by: shady06
wtf? who would pay that much to see radiohead

lol I know about 3 people that would pay double that if they couldn't find a ticket anywhere else. Myself i've never been into Radiohead, too damn depressing.

 

[PlatinumGold]

Originally posted by: Brutuskend

Originally posted by: glen
Ticket scalping is impossible in a free market economy.
The only reason it exists is that concert tickets are artificially sold BELOW their market value.

Uhh WHAT??

I think I paid maybe $10 for the majority of the shows I went to.

Oh course this was back in the 70's.

Before music started sucking pond scum!

But really, I would never pay even CLOSE to $100 for concert tickets, let alone the price this goof is asking.

IN a TRUE free market economy, all ticket prices would be determined by supply and demand. a HIGH demand concert would be outrageously expensive a low demand concert would be dirt cheap. there would be NO scalping per se.

 

[MisterPresident]

Umm.. am I missing something... Buy it now price is $10?

 

[BatmanNate]

Why should it be illegal? If you don't think it's worth that much, don't buy it.

 

[Cyberian]

Originally posted by: MisterPresident
Umm.. am I missing something... Buy it now price is $10?

That's what I thought.
Was the price changed in mid-auction?

 

[piku]

Originally posted by: glen
Ticket scalping is impossible in a free market economy.
The only reason it exists is that concert tickets are artificially sold BELOW their market value.

True. The problem though that because the amount of tickets being sold is a set number, and a small one at that, a rich minority is able to control the prices and, in effect, control who gets to watch concerts. See, with (lets say) a book, you cant just sell a few thousand books at an outrageous price and make a killing, because that still isn?t enough money overall. So you have to make the book price cheaper so that "normal" people can afford it and thereby increase sales (even if per book you are making less money). However, with a concert, there is a set amount of tickets to sell. Therefore, you can go nuts with the price, because even if you are only able to sell those tickets to the very wealthy you are selling such a small amount of tickets that you can still find enough wealthy people to buy them.

At any rate I support ticket scalping anyway, because the idea I presented doesn?t really happen in real life all that often to make an impact (though a quick look at prices for tickets to Broadway shows gives an indication as to what I'm getting at).

 

[imported_Tomato]

Auction's down now... how much did he want for em?

 

[her209]

I think people who horde the hot deals at the B&M stores should be beaten to death with spoons.

 

[ElFenix]

Originally posted by: Brutuskend

yes I understand that.

Notice how may people are jumping on this auction?

Anyone who WOULD pay that kind of price has a problem IMO.

As far as tickets being sold below market value, that's crazy.

Why to you think it's called scalping?

It screwing someone over, simple as that.

If someone IS willing to pay a crazy sum of money for tickets is doesn't set the market value, it just means they have more money than brains.

ummm... no, theres a shortage of tickets... because they're being sold at a price below where demand and supply intersect. the buyer doesn't have to buy the tickets, obviously they're not feeling too screwed-over or they wouldn't be willing to pay that much. and yes, it does set the market value.

 

[pyonir]

Originally posted by: her209
I think people who horde the hot deals at the B&M stores should be beaten to death with spoons.

sounds kinky

 

[RaiseUp]

The Chicago Cubs are being sued because they are pricks that sell their Tickets with their Parent Company at triple the value. They buy a lot of the tickets so there are none at retail value. Anyways Cubs Suck. SOX RULE!

 

[waggy]

Originally posted by: RaiseUp
The Chicago Cubs are being sued because they are pricks that sell their Tickets with their Parent Company at triple the value. They buy a lot of the tickets so there are none at retail value. Anyways Cubs Suck. SOX RULE!

heh i was going to mention this.


they buy up most of the tickents then sale them for higher price. if you dont use them it is near impossible to get tickets to a good game. something like this should be illegal. but some schmoe that buys a few tickets with the hope of makeing a slight profit is diffrent.

 

[GagHalfrunt]

It's hard to believe the furor over or the laws against ticket scalping. In a free market economy, an item is worth what the market is willing to pay for it. If you're fortunate enough to own something that others are willing to pay you more for than you payed to get it, you make money. If you want to sell and the buyers dictate that it's worth less than you payed you lose money. That process works beautifully to set fair market prices for collectables that increase in value like baseball cards, 60's era Ferraris and Beanie Babies as well as less desirable items like back issues of The Watchtower, 70's era Ford Pintos and pre-owned toupees. I can't think of any item other than tickets that you're not allowed to resell for fair value. If people are willing to pay $1000 for a $100 ticket then that ticket is worth $1000, what's the problem? The buyer isn't being forced into the transaction, it's a luxury non-essential item and so it's a discretionary purchase. You're allowed to invest in stocks, bonds, art, cars, collectables, antiques and almost anything else on earth on the hopes of their value rising, tickets are the only thing excluded, but nobody seems to know of a legitimate reason why.