Author Topic: Why are scalping agencies like StubHub allowed to exist?  (Read 5325 times)

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Why are scalping agencies like StubHub allowed to exist?
« on: May 02, 2009, 04:26:15 PM »

Offline houseonfire09

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This has been bothering me for a while.  These people are pricing out the people who want to see a big game so that only rich people can buy these tickets.  I consider myself lucky if I can get a ticket, but the idiots who want to be seen take all the fun out of being there.  What happened to the days when the only way to get a ticket is to hang out overnight with the die-hard fans by the stadium?  Not to mention the fact that cops still arrest run of the mill scalpers selling tickets...
« Last Edit: May 02, 2009, 04:56:59 PM by Redz »
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Re: Why are scalping agencies like StubHub allowed to exist?
« Reply #1 on: May 02, 2009, 05:00:44 PM »

Offline Redz

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There are some differences between these type places and the guy on the corner.  From the buyer's standpoint there is much more security that the ticket you are purchasing is legit.  But what makes them legal is the license fees and taxes they pay to the government (aka, the people making the laws).

The rest is purely market driven.  If no one's buying the seats you can get a good deal.
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Re: Why are scalping agencies like StubHub allowed to exist?
« Reply #2 on: May 02, 2009, 06:01:04 PM »

Offline StartOrien

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I have to say, the prices haven't been all that outrageous. I got 4 tickets to game 1 for 25 bucks a pop.

Re: Why are scalping agencies like StubHub allowed to exist?
« Reply #3 on: May 02, 2009, 06:26:42 PM »

Offline Greenbean

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I have to say, the prices haven't been all that outrageous. I got 4 tickets to game 1 for 25 bucks a pop.

Exactly like someone else said...market driven. There was NO buzz for game one coming on the heels of the news that KG would not play. Right now the cheapest seat on stub hub is 175. It really is rediculous. I tried to buy game 7 tix the second they went on sale online and I was unsuccessful, but SOMEHOW Stub Hub has hundreds of listings along with craigslist, ticketnetwork, and the rest of em. If these listings do sell, then the seats will be filled with rich people trying to impress someone with a playoff game (or someone like me who blows money on celtics games no matter the cost), and if they do not sell, the seats will be filled with people who were willing to sell the seats...also not true fans. Ultimately, the team suffers. I do not expect a great crowd tonight unless the jumbotron is constantly displaying the noise meter.

Edit: Stub Hub actually has corner balconies for 222 each!!!!!!! Unreal
http://www.stubhub.com/boston-celtics-playoff-tickets/celtics-vs-bulls-5-2-2009-777395/

Re: Why are scalping agencies like StubHub allowed to exist?
« Reply #4 on: May 02, 2009, 07:03:59 PM »

Offline cdif911

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This has been bothering me for a while.  These people are pricing out the people who want to see a big game so that only rich people can buy these tickets.  I consider myself lucky if I can get a ticket, but the idiots who want to be seen take all the fun out of being there.  What happened to the days when the only way to get a ticket is to hang out overnight with the die-hard fans by the stadium?  Not to mention the fact that cops still arrest run of the mill scalpers selling tickets...

I've never seen a run of the mill scalper get arrested, and you know what, I was thinking about buying tickets today on stubhub if they went low enough (100 range) and they didn't, so I accept that there is enough demand (and a low enough supply) that 200 is the price of a balcony seat tonight - we shouldn't be mad at people taking advantage of that - we should be mad at the Celtics for giving us high expectations by charging too little for a game - if the c's were smart there'd be a way to change ticket prices based on perception of sell outs - Stubhub/Craigslist etc. are actually almost a perfect model of a free market economy
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Re: Why are scalping agencies like StubHub allowed to exist?
« Reply #5 on: May 03, 2009, 11:49:36 AM »

Offline Greenbean

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This has been bothering me for a while.  These people are pricing out the people who want to see a big game so that only rich people can buy these tickets.  I consider myself lucky if I can get a ticket, but the idiots who want to be seen take all the fun out of being there.  What happened to the days when the only way to get a ticket is to hang out overnight with the die-hard fans by the stadium?  Not to mention the fact that cops still arrest run of the mill scalpers selling tickets...

I've never seen a run of the mill scalper get arrested, and you know what, I was thinking about buying tickets today on stubhub if they went low enough (100 range) and they didn't, so I accept that there is enough demand (and a low enough supply) that 200 is the price of a balcony seat tonight - we shouldn't be mad at people taking advantage of that - we should be mad at the Celtics for giving us high expectations by charging too little for a game - if the c's were smart there'd be a way to change ticket prices based on perception of sell outs - Stubhub/Craigslist etc. are actually almost a perfect model of a free market economy

Okay. And this is only beneficial for who? Not the fans/consumers. It is a perfect model of a free market economy but we suffer because of that. The price of tickets are already rediculous (It will cost 90 dollars face value for corner balconies this round). You think they should RAISE the prices? The same thing would happen only now scalping agencies can drive the price even HIGHER. No you should only be able to purchase tickets if you plan on going. Period.

Re: Why are scalping agencies like StubHub allowed to exist?
« Reply #6 on: May 03, 2009, 12:01:22 PM »

Offline cdif911

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This has been bothering me for a while.  These people are pricing out the people who want to see a big game so that only rich people can buy these tickets.  I consider myself lucky if I can get a ticket, but the idiots who want to be seen take all the fun out of being there.  What happened to the days when the only way to get a ticket is to hang out overnight with the die-hard fans by the stadium?  Not to mention the fact that cops still arrest run of the mill scalpers selling tickets...

I've never seen a run of the mill scalper get arrested, and you know what, I was thinking about buying tickets today on stubhub if they went low enough (100 range) and they didn't, so I accept that there is enough demand (and a low enough supply) that 200 is the price of a balcony seat tonight - we shouldn't be mad at people taking advantage of that - we should be mad at the Celtics for giving us high expectations by charging too little for a game - if the c's were smart there'd be a way to change ticket prices based on perception of sell outs - Stubhub/Craigslist etc. are actually almost a perfect model of a free market economy

Okay. And this is only beneficial for who? Not the fans/consumers. It is a perfect model of a free market economy but we suffer because of that. The price of tickets are already rediculous (It will cost 90 dollars face value for corner balconies this round). You think they should RAISE the prices? The same thing would happen only now scalping agencies can drive the price even HIGHER. No you should only be able to purchase tickets if you plan on going. Period.

this is beneficial to people who have the money to pay for tickets - its good for fans, consumers and the Celtics - I'm arguing the Celtics are actually making less money than they could, put it this way, if a $30 seat is going for $200 on Stubhub, the equilibrium price for the seat is $200 - charging $30 creates a shortage of seats and angry fans.  If the seat was $150 from the Celtics, the equilibrium price is still $200, but scalpers/stubhub people are less likely to bother paying $150 for a seat and marking it up $50 than they were to get a $170 profit on a $30 seat, thus the consumer who wants to get the ticket directly from the Celtics is in a better position to actually get the seat.  If the celtics charge $220 for said seats, there will be an excess and seats will go unsold (see Yankees, New York)... its all supply and demand my friend - the diehard fan with no money does lose out on going to the game yes, but seats are sold, people go - I'm sorry to tell you this, but the Celtics organization cares most about making money, not making less financially healthy fans happy
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