I had the most pleasant experience, coming early by boat, sunny weather (yes, sunny in London), having some sushis and sitting 15 meters from John Cleese !
Please see post #13 which explains that. There are some horrifically rich people living in London.
The LA Times had a story in the last year about how the official ticket seller's will sell huge blocks of tickets to scalpers and get a kickback-so they actually are getting 2 sales per ticket!
The last time I saw a rock concert I paid 10 or 12$...yngwe or Ozzy,1985ish.
I saw it, and as I said above, I'm happy that there are people with enough money to buy those tickets and stimulate the economy.
Admittedly our economic beliefs are not identical, partly because we come from somewhat different economic systems. That's OK with me.
If a performer or band doesn't like the things happening to ticket sales like catering to the rich, they have the option of changing things. They could, for example, require fixed prices to be charged at the door just before the show starts, allowing only one ticket per person. There might still be a few who buy a single ticket, then sell it later when the booth sells out, but the scalping industry would be kept away.
I get a lot more enjoyment from the less famous acts who play in small clubs. My wife and I saw Popa Chubby again a month ago in a club in Durham for $20 each, and we sat about 10 feet from the band. Every Wednesday evening that club has its weekly open mic blues night. I'm doing my part to stamp out scalping!
Korean K-Pop superstars BTS have sold out Wembley stadium in just 90 minutes as part of their first world wide tour. But within minutes of their release, tickets appeared on ticket re-sale sites for much higher prices.
On re-sale site, Stubhub, for example, there are tickets on sale for over £3000. That's despite the original cost of the tickets being between £50-175, with special sound-check packages setting fans back just over £200.
Now I don't imagine there are many ST members who are fans of Korean boy-band BTS, but doesn't this just show how the live concert market has been destroyed by the greed of the ticket agencies? This is a group whose target market is teenagers, especially teenage girls. Even £175 would be a lot for most of them (or their parents) to find, but £3000?
In a recent thread on here, one ST member suggested that if he ruled the world, he would cut the hands off shoplifters. If that is acceptable, perhaps we should have a poll attached to this thread? A poll to determine which body part we would surgically remove from the people responsible for this abuse of market position?
I saw all the bands I wanted to see by the mid 80s.Someone offered me free tickets for the stones in 89 and I passed because they were way past their prime.Exactly - it's not a simple problem.
A very helpful woman in the Royal Albert Hall box office explained to me (some years ago) that the reason that they (the RAH) often don't have many of the best seats to sell to customers is because the promoter retains large blocks of the best tickets to distribute to whoever they want. Presumably, the highest bidder wins. So the promoter makes an extra cut from selling blocks of lucrative tickets to a high-cost agency, which then sells the tickets on at vast mark-ups. Every extra snout in the trough in this chain inflates the final price for the genuine fan.
It's a racket, & rackets usually need to be outlawed in order to get rid of them. This racket certainly won't go away of it's own accord
I saw all the bands I wanted to see by the mid 80s.Someone offered me free tickets for the stones in 89 and I passed because they were way past their prime.
Sometime in the late 80s tickets doubled to about 20$ and people were griping.I thought 20$ was insane.I guess concerts today are a commodity business.
The people responsible for the market position are the people who will pay £3000. There is no abuse of the market. This is how a market works.
Lunatics perhaps, but would you prefer a centrally controlled pricing system.?. Personally I think there's something to be said for it.
No, it is abuse of the market. This never happened before the days of "booking agencies" - you had to buy your ticket from the venue & the price on the ticket is the price everybody paid, whether Prince or pauper.
The ticket agencies, totally unregulated, have abused their position of power to exploit innocent consumers. It's questionable whether what they are doing is legal, as recent cases involving Ed Sheeran have proved. Hopefully this will increase the pressure on our (dysfunctional) government to bring them all under greater control. We know we can't rely on them to self regulate.
the market is not working if there's hoarding, those are anti-liberal practices actually, oligopolies, monopolies, are bad practices that goes against the free market . Is just as if the state will control the prices. Markets do not regulate themselves
let me preface this with my belief that markets are NOT good for everybody and I would go a long way to believing the system used by the Chinese is worth investigating.
Having said that..YES the markets ARE working. You set up your store, you offer goods for sale and you sell some or you don't.
The alternative to that is Prices are controlled centrally (usually by a government). Don't forget that the price of Labour would also be controlled and when the government decides that @stratman323 earns 3 times the amount as someone else then they can/will reduce your pay to 1/3. When @stratman323 wants to sell his Tokai (not that you ever would) the central controlling mechanism will set the price whether you belive that to be fair or not.
Markets aren't FAIR. They are what they are. Most of the western world live via this mecahnism and centrally controlled economies have MOSTLY failed. BUT..as I said China seems to be doing welll with it.
3,000 pounds for a ticket to see a boy band. Hey man, if your stupid enough fine, but I don't want a government that tells me how much or little I can earn.
Please note once again. Markets do not produce the best result for everybody, but they are doing in this example exactly what they are there for. Stupid, I know.
But China has other problems, they equally generate exclusion and poverty, and the way to make work the fierce free market sistem they got goin' on is on base of awfull human rights violations in general. and a huge concentration of wealth. China, as I once read, is a dreamland for market, autoritarian politics at home, free market abroad. While central economies are not the answer, maybe countries like Canada might have a better answer, with a strong social service (schools, hospitals, etc. cus' education and health are human rights, not market comodities) AFAIK, cus never been to Canada, but certanly for a lot of chileans, and latin americans, is a country that we admire for their modern policies that we would like to have in our own country.
But anyway, a concert is not a human right, (maybe?) but buyin' a lot of tickets to sell em' 1000% more expensive, it's at least an illicite. Is like knowingly making a move to scam people. I would call it a scam, or maybe asociation to comit a scam. Might not be considered as an illicite move, but the spirit behind it kind of it is.