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Economics question re: concert tickets (semi-vanity)
060707

Posted on 06/07/2007 4:35:24 PM PDT by InvisibleChurch

My family lives on the North side of Indianapolis up by Fishers. Just down the road is Verizon Wireless concert arena. When we drive by on days of concerts, there are many people sitting in chairs off to the side of the road with signs stating "Need tix" while holding tickets in their hands, presumably for sale. What am I missing here (besides the Brad Paisely concert tonight)?


TOPICS: Business/Economy
KEYWORDS: concert; scalping; tix
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1 posted on 06/07/2007 4:35:24 PM PDT by InvisibleChurch
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To: InvisibleChurch

Arbitrage.


2 posted on 06/07/2007 4:36:33 PM PDT by Petronski (imwithfred.com)
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To: InvisibleChurch

They want to buy your tickets....then re-sale them.


3 posted on 06/07/2007 4:36:54 PM PDT by Osage Orange (The GOP....about as welcome as an out-house breeze....these days on FR.)
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To: InvisibleChurch

they are called scalpers.


4 posted on 06/07/2007 4:37:04 PM PDT by Perdogg (congratulations - you have just won an ipod nano)
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To: InvisibleChurch

Scalping is illegal but soliciting to buy isn’t maybe?


5 posted on 06/07/2007 4:37:36 PM PDT by keat (You know who I feel bad for? Arab-Americans who truly want to get into crop-dusting.)
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To: InvisibleChurch

They NEED your tickets to sell at a higher price .You will sell them to them at below cost and they will turn around and sell them at a profit.
BTY, Paisley is a great concert . Don’t drink too much ALCOHOL!!


6 posted on 06/07/2007 4:38:30 PM PDT by Renegade
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To: InvisibleChurch
What am I missing here

I guess I don't understanding the question...Do you need an explanation of how scalping works?

7 posted on 06/07/2007 4:39:58 PM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: InvisibleChurch; Lijahsbubbe; aculeus; dighton; martin_fierro
there are many people sitting in chairs off to the side of the road with signs stating "Need tix" while holding tickets in their hands, presumably for sale. What am I missing here

If you want ticks and don't even know how to spell them, you just might be a redneck.


8 posted on 06/07/2007 4:43:36 PM PDT by Thinkin' Gal
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To: Drango
I guess I don't understanding the question...Do you need an explanation of how scalping works?

I guess I must. I always thought scalping was already having tickets to sell at a ridiculous profit, especially if the show is a sell-out, but they rarely are at VW what with unlimited seating in the grass. I guess it just looked kind of stupid to be holding tickets while asking for more. I must be getting old(er). Thanks.

9 posted on 06/07/2007 4:43:43 PM PDT by InvisibleChurch (Forty on the highway, forty in the driveway.)
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To: InvisibleChurch
with signs stating "Need tix"

Don't they know those things carry Lymes Disease?
10 posted on 06/07/2007 4:45:25 PM PDT by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
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To: InvisibleChurch

they left the question mark off their advertising for legal reasons......absent the Q mark, they are proclaiming they need tickets, but holding tickets up clearly shows their wares for sale..........just my guess


11 posted on 06/07/2007 4:53:36 PM PDT by Vn_survivor_67-68
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To: InvisibleChurch

It’s called the Free Market. We believe in it.


12 posted on 06/07/2007 5:06:13 PM PDT by D.P.Roberts (Doing my part to build Uh-merica)
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To: InvisibleChurch

It’s illegal to resell tickets above cost + a small profit. It’s illegal to solicit to sell tickets at above the (cost+ small profit). It is not however, illegal to solicit to buy tickets. Hence the situation occurs.

If you ever have the time, watch how the scalpers start far away from the venue, and in the last 30 minutes before the event starts, the scalopers play leapfrog inward towards the gates to try to not be the scalper furthest out from the gates.

Find the laziest scalper who is furthest out from the gate, and get tickets below cost 5 minutes before the event starts.


13 posted on 06/07/2007 5:07:14 PM PDT by JerseyHighlander
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To: Thinkin' Gal; Charles Henrickson

Take my advice and flea this escalating pun violence.


14 posted on 06/07/2007 5:11:23 PM PDT by dighton
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To: dighton; Charles Henrickson; aculeus
Take my advice and flea this escalating pun violence.

That would be a rash thing to do, and someone's likely to tell you to bug Off.

15 posted on 06/07/2007 5:18:16 PM PDT by Thinkin' Gal
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To: InvisibleChurch; pax_et_bonum; Eaker; TheMom
When we drive by on days of concerts, there are many people sitting in chairs off to the side of the road with signs stating "Need tix"

If it's a country music concert, these folks are probably
offering to either let some of their bodily parasites infest you,
or they are wishing to be infested by some of your own bodily parasites.

Country music fans have ticks and like it.

Fleas, too.

16 posted on 06/07/2007 5:24:34 PM PDT by humblegunner (Word up!)
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To: InvisibleChurch
The benighted New York State government just removed all restrictions on ticket-scalping. It's the first solid move toward a free market in anything I've seen them make in decades.

And if the Sabres or the Bills can manage a good year, it may just be one way for some poor schmucks to make enough money to stick around for another year or two while they keep job-hunting. Ain't capitalism great?

And, no. I don't know what the state tax code dictates about declaring ticket-scalping income -- but I've got a pretty good idea.

17 posted on 06/07/2007 5:43:16 PM PDT by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
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To: humblegunner

I thought I heard a mule bray!


18 posted on 06/07/2007 5:48:58 PM PDT by Eaker (Free The Texas 3 - Ramos, Compean and Hernandez)
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To: BfloGuy

I agree.

If you are dumb enough to pay me 200K for my Jeep Wrangler I will sell it to you. Heck I’ll even wax the dang thing!

What the heck is wrong with that?


19 posted on 06/07/2007 5:55:17 PM PDT by Eaker (Free The Texas 3 - Ramos, Compean and Hernandez)
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To: InvisibleChurch; mikrofon; martin_fierro
Just down the road is Verizon Wireless concert arena.

What if there's a concert that needs wires? Where do they go?

20 posted on 06/08/2007 8:03:08 AM PDT by Charles Henrickson (Wire you asking?)
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