General discussion on the topic of the economics of ticket resale and or scalping.
There have been a couple of articles in popular press recently (here, and here) talking about the relationship between the Red Sox decline in standings to resold ticket prices. Again, with the help of my friends at SeatGeek.com, I thought it would be interesting to look at how average resale ticket prices are doing as compared to last season. The above chart observes average resold ticket offer prices for the first 34 games of the 2011 and 2012 season. The…
This article is a follow-up on a concern often expressed by readers and friends alike that for one reason or another, a particular concerts ticket prices will not come down because everyone want tickets to that show! Most recently, I have been asked specifically about Lady Gaga and Taylor Swift. During my research, which was a few years ago, I observed resale ticket prices on the internet for more than 150 concerts over the course of a two year history….
The other day I was getting a haircut from Heather, my trusted ‘hair designer.’ During the course of our usual banter, I told her about this blog. The resulting discussion between her and the other patrons focused on the $5,000 ticket price they heard someone paid to see Madonna and how crazy that person is and unfair it is that ticket scalping is legal, etc, etc… This conversation frustrated me and is the reason why I am sit here at…
If there is anything I want people to know, it is when is the absolute worst time to buy a ticket for an event. Though I formally studied concerts, I have run casual tests with sporting events and other kinds of event and discovered similar price patterns. Based on these price patterns, I establish two golden rules that will be reinfored throughout my How To writing. Golden Rules: 1) The worst time to buy tickets is on or near…