Make reselling tickets illegal again overall.
Allow resale within 5 days of the show only (for those that genuinely can't make it), and for face value+original fees only.
Make reselling tickets illegal again overall.
Allow resale within 5 days of the show only (for those that genuinely can't make it), and for face value+original fees only.
Edit guess that doesn’t work for kids. Start the tickets at 10k and drop them by a percentage a day. Automatic price discovery. Rich people can just buy them whenever they want.
Airports seem to handle them just fine?
That's the security check, of which id check is only one part. The bottleneck is everyone needing to take out their laptops and then repack their bags. Same with boarding. The bottleneck there is people putting their luggage into the overhead compartments.
1 - I’m more likely to buy a ticket or pay a higher price if there’s a chance of turning a profit if I can’t go.
2 - Speculators are more likely to buy unused inventory if they can turn a profit. This increases total tickets sold. (Scalpers get paid for taking risk)
I’m not defending this. I’ve given up on concerts for my favorite larger bands due to sticker shock.
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.
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.
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?
Illegal usually means there's a law forbidding it.
Tickets are usually governed by the Terms and Conditions (Contract) between original purchase.
It's already possible for the terms to forbid resale.
So as it stands it's possible to sell untransferable tickets. And those who sell such tickets are in breach of contract, but are not breaking a law.
What would 'making reselling tickets illegal' entail, a law that makes selling transferable tickets illegal? That would be a very weak position. A law that upgrades the resale of untransferable tickets to a crime? Again a very weak position.
I contend that people that suggest and write laws should learn about actual law.
On the first matter, I'm not sure, it might be fraud, which can be civil or criminal if there's a specific law that defines criminal penalties.
Again I guess the proposal could be that a law specifies that the resale of tickets is a so and so crime (misdemeanor?) and carries a penalty of X. We are steelmanning the argument here, and it still sounds quite untenable.
On the civil front, I can see how the intent to breach a term might be relevant, but I can also see how it might be irrelevant, in the sense that the breaching party would be forced to remedy the damages of the breach, no more no less. How would the intent to breach a term increase or reduce the damage caused by the breach if so?
>Also, I have no idea if the contract for a ticket "sale" is really considered a contract for the purposes of such laws.
On the second matter, it really is. The layman perception of a contract is usually a formal document that needs to be signed, whereas in no legal systems that I know of are these actual elements of a contract. In most legal systems a contract is a much broader concept: a private agreement between two parties, with the main defining elements being offer, acceptance and consideration. Most if not all trade transactions are contracts, they include the main elements.
Note the layman perception wasn't why I was doubting this; I'm aware not all contracts are that formal. The reason was I don't know if this is considered a sale or not, and whether other principles apply in that case (like first sale doctrine) and if they might somehow override this.
I'm not sure if you question whether the first sale or the latter resale might not be contracts.
But in either case, I believe both them to be. It's similar to a sale of a stolen good with an unaware purchaser.
It's a contract on two counts. First, the contract is not void, the subject is not illegal in itself, the seller would just fail to fulfill their end.
Second even if a contract would potentially be voidable, I would argue it is a contract until a judgment voids it, this is a bit subjective, ontological and inconsequential for cases where the judgment would be certain like a contract for stealing, but the more borderline the case is, the more relevant it is, a contract about a complex legal issue that might be or might not be voided with p=0.5 is still a contract to me. Of similar value to a contract about a good of stochastic value, like an option, or an asset that may have been stolen with p 0.5