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Post by scough on Feb 19, 2013 17:17:46 GMT -5
Ah, so THAT'S why it sold out so quickly. No surprises there. Ticketmaster/Live Nation already run their own scalping site.
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Post by wonk on Feb 19, 2013 17:20:37 GMT -5
Same story, different name. They've been scalping their own tickets every year since the festival first started selling out. Livenation and ticketmaster are basically the same thing now, and TicketsNow is a sister site to ticketmaster. Ticketmaster puts their own tickets to sold out shows on Ticketsnow for double face, then they get the profit instead of the scalpers. Nothing new here.
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Post by davers on Feb 22, 2013 20:31:59 GMT -5
So, there are more of these tickets, but they are $575 now. They just released a bunch, who knows how many, for face value.
There seems to be no logic to this.
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crowell
Grunting Yowie
Captain Obvious
Posts: 184
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Post by crowell on Feb 26, 2013 11:20:31 GMT -5
The logic is easy. They are countering the scalper market. But for the $575 tickets, scalpers would be at $800+. Not only that, but with the idea that every so often more tickets will drop at face, this is holding the secondary market at bay.
Remember, they sold 25,000 tickets. Dropping another 100 here and there is NOT going to be a dent in the over all ticket sales, except on the scalper market.
I say LiveNation / Sasquatch is doing a great job.
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Post by davers on Feb 26, 2013 11:37:27 GMT -5
If they are actually doing this to keep the scalper market down, why not save all those tickets they release for face value and release a lot more of these scalped by livenation tickets for $500? Or even less? Why raise the price from $550 to $575 if they are actually trying to keep scalped tickets cheaper?
Tickets on Stubhub are now below $500, so charging $575 is not "holding the secondary market at bay", it's gouging desperate festival goers.
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Post by Cbats on Feb 26, 2013 12:00:20 GMT -5
It's generally safe to just assume Livenation has nefarious goals when they do something.
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Post by davers on Mar 28, 2013 16:56:02 GMT -5
There are now tickets for $499. You gotta scroll down though, because they list the $575 ones first. concerts.livenation.com/exchange/0F00495FA7B59554?page=all&sort=priceI wonder how many of these tickets they still have. It will be interesting to see how low the price of these get before they just say 'fuck it' and release the last bunch for the original face value. |
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