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by bun_at_work
1824 days ago
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How is the price inflation natural? The supply-demand relationship is unnaturally muddled with when someone restricts supply by purchasing all the tickets at once, especially with automated tools average consumers don't have/use. They then just resell the tickets - not at some supply-demand balanced value, but at their determined value, often 200%+ the original price. Supply is already fixed on things like tickets anyway, due to venue sizes, so this is just further restriction. It's not natural. |
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Namely, he'd announce tours slowly. And basically the strategy was that as scalpers bought out shows, he'd add another show in the same city. And keep doing that until there was no demand, no resale market, so scalpers were forced to sell at face or near face value. "I can keep throwing dates at you, and you're paying for the seats, so it doesn't hurt me, but no-one will buy them from you".
Eventually the scalpers learned to not, or minimally resell his tickets.