[pedrogpimenta]

I think the premise is wrong because:

- "tickets are prices too low": What do you mean by "too low"? Is the price that's set by the people involved low? Or is it what they think the value of the ticket is?

- Can you imagine if bananas were now $50 per banana? I mean, if there was only ONE company selling them, it would actually probably have already happened. So that would ultimately be the "market value".

[anoonmoose]

What's the price of a GPU- the MSRP or the current bid for the only one available on eBay? In my opinion, it's the value I can actually buy the thing for.

[pedrogpimenta]

Key difference:

> the only one available

vs

> all the tickets since day one

[anoonmoose]

I don't think there's a difference there. If there are no GPUs available for MSRP and dozens or hundreds available for 2-3x MSRP, the price is 2-3x MSRP. Whether it's day one or day N, the price is what you can buy it for that day.

[matwood]

Exactly. And people forget that market prices do not always go up. I've been to quite a few sporting events where I bought scalped tickets day of for less than face value. Tickets have expirations like options do. No seller wants to be still holding tickets when the event starts.

[pedrogpimenta]

That's not what we're comparing.

> If there are no GPUs available for MSRP and dozens or hundreds available for 2-3x MSRP.

If you want to extrapolate, it should be

> Last year's $100 model has been selling for $500 on ebay. The new one would cost $110 but because of that, we'll now price it $550, because people pay for that.

But hey, if you agree with that, you agree with that. I don't.

[anoonmoose]

Why would I not agree with people or organizations choosing the price they sell their products and services for? Outside of discriminatory practices (and I don't consider price differentiation to be discriminatory) or emergency scenarios (gouging for gas in a hurricane for example) I don't find lowering or raising prices on what is unquestionably entertainment to be immoral in any way. Why do you?

[colinmhayes]

Value is set by markets. If people are willing to pay more than the price than there will be a shortage meaning the price is too low, some people who want to buy a ticket can't.

[pedrogpimenta]

Yes, that's what I said.