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Comment by dbbk | Hacker News Reader

So only rich people should be allowed to see major artists in concert?

I mean artists are free to reserve discounted tickets for fans and sell them fcfs but they would be intentionally losing money by doing so. Sometimes this is a good choice because you don't want to make your fans mad.

It's just a system where people are incented to pay the most they're willing to. Pay before your price and you lose money, pay after your price and you risk the show being sold out.

Except it wouldn't be intentionally losing money. Long term fans are what make a band the most money - they buy tickets and merch, and albums (games, movies, etc). By cashing in on big gigs and maximizing the sales for those tickets an artist would potentially be giving up a lot more long tail revenue, and possibly killing their fan base altogether.

Maximizing long term profitability is often not the same as maximizing short term revenue.

There's an easy way to charge market prices and have them be lower. You can raise supply by playing more shows. And if a band values its long term fans, they should have an interest in getting as many people into their shows as possible. Just stay an extra night or two and play another show.

The alternative is what ? Someone buys them all and it's the same all over again ?

Or you put some safeties in place and only the fastest ones can have a ticket

Well, I think the alternative is the fan-to-fan resale service Ticketmaster is already preparing to launch (in the UK at least)

https://www.ticketmaster.co.uk/ticketmaster-resale

Use some of the extra funds to give away some free seats to fans.

I think identifying which fans are worthy of free seats is a very hard problem - particularly if using an online system.

No. Rich people can allready afford a scalpers price, and dont really care if their tickets are 500 dollars or not.

In capitalism, high demand and limited stock means that you (as a seller) should set the price as high as you can, while selling all stock. If you set your price lower, you're loosing potential income

Sometimes people have interests other than or in addition to maximizing revenue.

Sure. Ticket master though?

that's what makes this so shitty - promoters are setting the prices initially and ticketmaster is trying to remove their choice by removing all the stock and reselling it at the maximum possible price

It would make the artists (and venues) more money, meaning that they could make more concerts and seats.

Who's saying this about Tesla cars or other luxury goods?

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