andrewducker: (Default)
andrewducker ([personal profile] andrewducker) wrote2012-02-29 11:00 am

Interesting Links for 29-02-2012

[identity profile] danieldwilliam.livejournal.com 2012-02-29 03:16 pm (UTC)(link)
Yeah the back room selling of tickets is a little off but then I do wonder if the deal is actually structured so that the ticket tout companies buy in advance the tickets needed to make sure the concert doesn’t make a loss for the promoter or venue or what ever part of the supply chain is anxious about lowering their risk.

Probably the owners of the venue who have a large capital outlay and *have* to meet their credit re-payment schedule.

I expect they are demanding money in advance not refundable from the promoter who in turn, to cover her risk, sells a block of tickets to (dirty word) speculator who sells them on to the likes of you and me.

The banks don’t want a risk. The venue owners don’t want a risk. The promoter doesn’t want the risk. The speculator ticket tout does want the risk. We appear to be happy to pay the price for not booking out tickets at the time the venue was built.*

*Semi-serious point here. One way to avoid fans being “fleeced” is for fans to take a debenture in a venue. They get first refusal on tickets / tickets at face value that they can use / pass on / sell on. The venue gets built.

[identity profile] a-pawson.livejournal.com 2012-02-29 04:14 pm (UTC)(link)
I watched the Dispatches documentary. The problem they highlighted is not that agencies are selling tickets for above face value (they are but that is perfectly legal) but that they are pretending to be ticket exchanges where fans can sell unwanted tickets. In reality these companies are buying large numbers of tickets direct from the promoters and then using thousands of fake user accounts on their own websites to sell them on at 2 or 3 times face value.

[identity profile] danieldwilliam.livejournal.com 2012-02-29 04:23 pm (UTC)(link)
and that's dishonest.

The Guardian article seems a little more focused on the trading of tickets by resellers rather then the method they use to disguise the fact.

[identity profile] a-pawson.livejournal.com 2012-02-29 04:35 pm (UTC)(link)
It is, but I don't think it is illegal.

[identity profile] danieldwilliam.livejournal.com 2012-02-29 04:38 pm (UTC)(link)
I don't think so.

Probably less so if there is some fine print about being an agent of touting company.

[identity profile] octopoid-horror.livejournal.com 2012-03-01 12:11 am (UTC)(link)
The tickets worth is based on a lie.

If I pay £100 for a not-really-second-hand ticket that I could have bought in a brief window while they were on sale for £50 face price, I did so because I thought "Holy crap, this gig sold out, but I really want to go. Thanks heavens someone didn't want theirs and sold it on this site!" I would have bought a ticket if there were £50 ones left, but the value I place on the ticket is based on the perception that there are no direct tickets left to buy and that the gig is sold out. However, there really ought to be tickets left, since they have not actually sold to customers, but the number of direct tickets is limited in order to force people to buy what they believe are resold ones at a higher cost.

Some train companies have talked about flexible pricing, where it's more expensive to travel at busy times of day. An analagous situation would be the train company running their trains a carriage short so that the remaining part of the train is busier, in order to make more money from the same customers.

You're paying a premium for nothing, essentially just a very large administration fee for using that website.