[vmception]

price discovery is price discovery, secondary market is telling you if you mispriced something. mispriced doesn't mean "we should have maximized profits", it just means something was underpriced, its simply acknowledging that the market would have paid more, its just simply the term for it. it seems like that's been lost in the "rebuttals" here, as in I don't think you even need to react or give counterpoints but for some reason you and others feel wired to.

the next thing is overweighing an idea of "artists don't want to piss off their poor fans over the long run". huge assumption. it doesn't matter how an artist stops filling venues eventually. if it happens it happens. "ack! its because I priced my Red Rocks performance too high on April 30th 2016" mmmm, no.

[KozmoNau7]

When an artist/booker/venue says "this is how much we want to charge people to attend this event", that is the price they want to charge. They make this choice based on wanting to draw fans in, fill the venue (for drinks sales) and not be seen as fleecing their fans.

The artist/fan relationship is everything.

For a scalper to jump in and say "I can extract more profit by buying all your tickets and fleecing your fans" is parasitic, it is rent-seeking provides literally no value to anyone besides the scalper. And the scalper doesn't care about the artists or the fans, just rent-seeking profit.

There are laws against scalping in many countries for good reasons.