TICKETMASTER ‘TROUBLE’: Pricey Taylor Swift tickets spurs ‘bad reputation’ causing Gen Z to see ‘red’ ($45,000)

Fox News ^ | 11/19/22 | Gabrielle Reyes

[Susquehanna Patriot]

One would think in the not too recent past that this is a good economics lesson for these students. Welcome to America, where commercialization / materialism (making a buck, taxing a buck) rules the day.

Apparently students don’t have the resources to participate in the scalpers marketplace. The scalpers “invested” their money. A scalper offering a ticket for $45,000 ... sounds like someone as unrealistic about economics as the students as I did not read that the singer has had people pay tens of thousands of dollars in the past for similar seats.

As concert day approaches, and tickets remain unsold, prices would be expected to drop. Go to a “must go” NCAA Div 1 football game. As kick-off time approaches, all the people with extra tickets begin to drop their prices because they know it’s even harder to sell a ticket after the kick-off as the number of buyers rapidly drops. It is quite empowering to tell guys hawking $100/seat tickets - you are over priced, hope you sell in time to see the kick-off. As one walks closer to the gate, the prices drop.

[FlingWingFlyer]

Time for Jo Jo the Pedophile to step in and help the hiker and biker Swifties all get free tickets. LOL! Swift don’t need any more money anyway.

[Susquehanna Patriot]

Imagine any college student ... who doesn’t know the difference between gluttony and greed when discussing the price of scalped tickets. Her possessing a parasitic, entitlement mindset is not surprising - she fits right in to the indoctrination camp called university.

[macrahanish #1]

My wife and I really like the version of “Trouble”,except with goats.

[Roccus]

Late 60s, early 70s, the late show (11pm) at the Fillmore East was $4.00.....maybe $7.00. It was a long time ago and I was seldom straight or sober back then.

Never went to the early show....wanted to get the “encores”

You’d have to wade through a sea of hippie chicks asking, “Spare a ticket?” on your way in. lol

[Susquehanna Patriot]

“burn the scalpers a couple times...not sure how...”

Don’t let one’s emotions control one’s purchase decisions, especially for non-vital things or services. No one buyer can burn the scalpers... though Bowie’s 2nd concert is interesting. Not sure of his motivations, but its economic effects is easily understood. In that market, his second concert increased the supply (seats), thereby decreasing demand for the first concert. Scalpers may not have been in position to buy up the second concert so they were forced to compete at lower prices caused by increased supply.

[PCPOET7]

When Gen Zero is upset an angel gets its wings.

and the devil gets his due.

[P.O.E.]

In 1974 that $6 ticket was about 1/2 day of work ($1.75/hr min. wage I was making as a teen). Between inflation and getting better jobs as I aged, face price of a ticket might not be so bad after all. But thousand$$$ ? no thanks.

[George J. Jetso]

I would not pay that much money to see anybody.

[vetvetdoug]

For free I got to see Spirit and the Doobie Brothers with Dr. Demento as the MC at Mile Square Park in LA in October of 1991. Spirit and the Doobies had their original lineups performing. The best concerts were free. Hank Williams Jr. gave me and a friend passes that said “Family” that we wore around our necks during one of his concerts and we got to go anywhere we wished at the venue, even the room they had set aside for the performers filled with food and drink. We met some new guy named Dirks Bentley and had a few beers with him.

[muir_redwoods]

I’m told Taylor Swift worked her ass off for this tour.

[muir_redwoods]

Saw Jimi Hendrix twice in 1968, the high priced ticket cost me $8. The other was only $5

[Mr Rogers]

“I love FR. I’ve been here a long time. But the two faced bullsh*t does get tiring.”

Yes. I call it “The Coulter Syndrome”.

I’ve never been a candidate for the Tayler Swift fan club - but I’m old. And white. And don’t care about ANY singer’s love life.

[Laslo Fripp]

+1

[Laslo Fripp]

And thank you for your About page.

😇

[P.O.E.]

I had forgotten about that. Great player and arranger, smart cookie, too!

[Lurker]

“Saw Yes in 1974 for $6.00.”

Led Zeppelin, 1977, $30.00.

L

[Dr. Sivana]

Not sure of his motivations, but its economic effects is easily understood. In that market, his second concert increased the supply (seats), thereby decreasing demand for the first concert. Scalpers may not have been in position to buy up the second concert so they were forced to compete at lower prices caused by increased supply.

Bowie had his followers, but was not HUGE in 1975. The Hartford market is adjacent to other bigger markets (Boston, NYC). There was enough demand for two nights, but not more. Bowie himself probably had little to do with the decision, but I imagine the promotional company saw that it was cheaper to run two nights in a row in one inexpensive venue (Hartford Civic Center, 18.000 seats) than two in two cities.

[beef]

“You couldn’t pay me $45k to see her.”

If someone makes you that offer, send them to me!

[Brass Lamp]

“burn the scalpers a couple times...not sure how...”

Require non-transferable in-purchase concession coupons which will guarantee some cut to concessioneers regardless of final attendance while also helping soften the expense to the final purchaser, at the scalpers' expense.