Comment by mckn1ght
3 days ago
> Scalpers will just do two transactions, one high one for the privilege of being able to buy the ticket, and then the sale at the listed limit.
I don’t understand this. If you can’t resell for higher than ticket price, how do they make any profit? Are you saying they’d sell the cheaper ticket for the more expensive ticket’s price? Wouldn’t price stick to the ticket, since presumably different price tiers afford different location/etc?
First transaction would be outside the channel. e.g., scalper may require high-value Venmo or Zelle transaction, then enter buyer ID / name on ticket website at listed limit.
But buying from scalpers only really works when they’ve already bought out the supply. Couldn’t people just go right to the ticket site instead of through a scalper? The only way this would work is if the scalpers got all the tickets into the temporary hold, but that would be a huge coordination problem to do that and connect with potential buyers in the 7 minute window or whatever.