alt Hacker NewsAll of your points apply to performers who may not sell out, so scalpers take risk, you may buy more, speculators may soak up what would go unused.
But consider Ms. Swift. All of her shows sell out, period. Face value tickets are maybe $400 max, and resell for $2000+. I don’t think she sees any benefit from scalpers. Ditto any performer that is in very high demand and certain to sell out and have unmet demand.
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In addition to what others say, the potential for profiting later increases the initial price.
Think of it this way… let’s say two identical companies are going to IPO. Company one you can sell the shares for a profit later if you like. Company two you can only sell for the price you bought.
Which will have the higher IPO price?
They get a cut of the tickets live nation puts on the resellers site.
> I don’t think she sees any benefit from scalpers.
If a ticket sells for $2k then the platform gets some massive portion of that (like $400?) - are you sure some of that doesn't make its way back to the artist, at least on the primary sale platform? I would be rather surprised if it didn't.