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To: i-node who wrote (760954)	4/9/2022 1:40:38 PM
From: Maple MAGA	1 Recommendation Recommended By Mick Mørmøny Read Replies (1) \| Respond to of 793769

I was in Vegas and had a cheap ticket ($75) to see a concert of a big name band. I stopped for something to drink before going in and someone approached me with third row center tickets for $50, I thought it was probably a scam but the ticket was good. The moral of the story in Vegas is you can always get a better deal in line or at the box office from a high-roller who does not show up.

To: i-node who wrote (760954)	4/9/2022 1:51:06 PM
From: TimF	Read Replies (1) \| Respond to of 793769

IMO the secondary market enabled the higher prices to come sooner (performers who think its wrong, or think people will react poorly to high prices don't block other people from getting the profit), but the fact that people will pay so much in the secondary market indicates the demand is there which would push up prices anyway. Tickermaster's relative lack of competition helps inflate the fees they can charge, but Oliver's examples of one performance where the fee was higher than the base ticket price and two where it was close aren't the norm. Most of the escalation has been in the base ticket price. If Ticketmaster had more competition their share of the fee money (some apparently goes back to the artist, the venue, or others outside of Ticketmaster) would probably drop but you would still have a sizable increase in overall ticket prices. People have more money (esp. in nominal terms but even in real terms) while performances getting larger means they lose some of the quality for each person (also half million seat stadiums would be ridiculously expensive and rarely filled), so its hard to increase quantity to match the higher demand. Performers could do a few more shows but that's marginal, if its even happening at all. Less famous and popular performers could take up some slack but performances aren't fungible, someone who wants to see some big name band won't usually be equally satisfied by a ticket to some band they never heard of before. The high price simply reflects the higher demand with limited supply. It will stop escalating if and when people decide to stop going to concerts when they reach a certain price they decide is too expensive.