So I lose my job after buying a house and have to move, or I am going bankrupt? We've seen this with gasoline. A lot of people who *need* to buy a home to *live* in, rather than make a quick buck, are left to pay the consequences. Unsold tickets don't make money. On another side, The Ticketmaster Smart Queue is a virtual queue system that is designed to protect tickets from being purchased by bots and scalpers. What happens to unsold VIP concert tickets on ticketmaster? Due to the extraordinary circumstances and large number of requests we have received, Ticketmaster is currently only operating in an online capacity. Tickets purchased through Ticketmaster are $12 plus the additional Ticketmaster fees. Please note that available delivery options vary between events, and some delivery options may not be available for certain events. Ticket brokering and scalping is pure economics and a pure case study on how macro and micro economics works on steroids. Why do I see tickets available to purchase on other sites before the general public onsale? Starting in 2023, the federal threshold is $600. You could get a lot of cash, but if the company that your with goes out of business or whatever, you're messed up. Using a computer, ticket buyers can see where each available seat is in a stadium, how much its selling for and whether its a marked-up resale seat or one that hasnt been sold yet. It would seem that if a person or company wants to invest the time and money to acquire blocks of tickets in advance, taking the risk that they may lose value, and people exist who are willing to pay far over the face-value for those tickets, that ticket scalping is supply and demand in its purest form. Also, there are no laws preventing joe public from scouring the lists and standing in queues to pick up the original tickets. You can enter the waiting room closer to the start of the sale to increase your chances of being selected to purchase tickets. The tickets are usually sent to you via email. Some people think that first-come, first-served is a fair way to do ticket sales while others believe in a free market (capitalism) and allowing the highest bidder to have the item. That's because its TicketMaster's resell arm that had the tickets in the first place. If they were given some sort of break, like any other business buying wholesale then they could also sell at retail. News and discussion about *Hamilton* by Lin-Manuel Miranda, Press J to jump to the feed. The long and short of it is simple. Now, you may think this is counterproductive and risky. Venues that do not want their tickets taken and sold at a higher price should regulate this themselves. I called ticketmaster & they will not help me at all. Blood sucking economic vampires bring down everyone else. But 2 million kids want to go, and even worse, each group of kids needs a guardian to accompany them. Resale tickets don't go to the cancellation line if they go unsold. Then a client or anniversary or birthday request comes in a week before the event. I wonder why they didn't want it, hmm? I'm not a scalper, however, I have no problem with it. yes, they take real financial risks and invest real money into them. Profits do not go to the artist or the concert hall. Subscribe to our newsletter and learn something new every day. Why TicketMaster Changed (or downgraded) Your Seats! The tickets I've bought that went unsold and I had to eat them for full value I'd be willing to sell now at half price. Ticketmaster is the Official Ticket Marketplace for thousands of the world's biggest events, performers, teams and sports leagues including the NFL, NBA and NHL. The individual can follow the steps below to access the waiting room and its features: Step 1: The individual at first should open the website and then search the event that they want to buy the tickets for. How many people have you "scalped" in your lifetime? Rather than email you these tickets, we make these tickets available for you to download and print from any computer. Children 5 and under are free. This means that if you selected 5 shows, it is possible to be confirmed for all 5 shows in which your credit card would be charged for the full price of 5 events. If you're making 100$/hr from your labor and improvements then great -- you are getting paid for tangible work, but if its $100,000 for sitting then it's parasitic. Then there are the 'accidental scalpers' - the people who purchased more tickets than they needed, not knowing friends would cancel on them, who try to recoup their costs by selling the excess tickets as they go into the event. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Imagine a large city with millions of people. To order tickets by phone, please call Ticketmaster National Sales at 1-800-745-3000. Ticket derivatives allow you to purchase a sports ticket tied to an individual team at a discount up to 98 percent. All rights reserved. Heres everything you need to know about Ticket Forwarding! You live paycheck to paycheck, you would sell them too. Harris Rosner, owner of VIP Tickets, a ticket reseller that has an office near Los Angeles Staples Center, said competition between the two largest resale marketplaces could help fans and brokers, if they ultimately reduce fees on transactions to maintain or grow market share. The same fan, whom otherwise, could of bought the ticket from the venue's seller had the scalper not bought the ticket in the first place. Let's do this for concerts and sporting events, too. Our Fan Support teams are incredibly busy and are working hard to respond to every request, however, please understand our response time may be longer than usual. Simple as that! It allows customers to access tickets for popular events in a fair and orderly manner. The best way to get the best price for your tickets in through ticket derivatives. Introducing Fan-to-Fan Resale. Ticket scalpers are mean. To suggest that a middle man or a broker, or salesman, or a retail establishment should be deemed beneath the mainstream morals of society by identifying and capitalizing on an opportunity to profit is absurd. So they can't handle the expense. One simply can't have it both ways. I don't think a company or other organization should be allowed to buy up a whole bunch of tickets and resell at a profit, but I do think if a person wants to sell his own personal pair of tickets because his plans have changed, he should be allowed to do so. It's worth it to them. Which is more valuable to us? The Smart Queue is designed to keep bots out and give fans a fair chance at tickets by managing the flow of traffic into the shopping experience and detecting bots. Why do I see tickets available to purchase on other sites before the general public onsale? Why isn't something done about life? Ticket holders who are looking to sell because they cant make an event can do so from a mobile phone or computer. Tickets sold at the box office will be $12. I'm a recent unwitting victim of ticket scalping and have done some research. If you can't afford to pay market price, you should not be at the show. Ticket scalping is most common for sporting and musical events. It's not like this is the only thing this happens in. Brokers do everything for a customer that the box office refuses to do, which they could do for you and charge for, but are so short-sighted that they have not changed in 100 years. Some artists have high value seats only available at will call. UPDATE (Feb 14): Bruce Springsteen and The E Street Band have added new dates to their 2023 tour! Also advocate legislation. They hire people for meager money, then flounce around in their fancy cars and show how much money *they* have when compared to their employees. That would result in about $300 million in revenue and about $60 million in profit each year, allowing it to catch up to market leader StubHub, a unit of eBay Inc. StubHub has done a great job in the space and Ticketmaster is finally stepping it up, he said. Many have claimed that scalping is capitalism and thus must be allowed; supply and demand lead to price. How can any of you attempt to vilify a practice that is similar if not exactly the same process of most businesses in America? Your safety remains our number one priority, and while we get used to this new normal we need to work together to ensure every event is as safe as possible. Sounds like you're more mad that it's not you making the money in this situation. Can I purchase accessible seats? Everything you need to know about accessible bookings. LOL. I was shocked by your statement: Your bank/credit card provider may be slightly ahead and post a charge to your account before our emails deploy. Box offices do not offer refunds. When this happens you'll see "resale not available" next to your tickets. I am not an expert but my guess would be to guage off initial interest where to next set the price of tickets at. And most of all, you did something with a property no one wanted. House flipping does a lot more to take money put of hard-working people's wallets than ticket flipping. To avoid further sanctions, they purchased the largest promoting company on earth, Live Nation, so they can broker, and scalp and not be fined. The scalpers reduce TicketMaster's risk of unsold tickets by reducing the risk of not selling out their events. Jane Harmon. Only a broker can help in this situation and that is why there will always be brokers for tickets, period. ( mattb4rd) If no one's buying tickets to events later this year . How to Get Tickets to Bruce Springsteen and The E Street Band, New Harry Styles Greater Palm Springs Dates Announced. The only reason behind scalping is profiteering. I have even contacted better business bureau of california which is where headquarters of ticketmaster is. You took something lacking in beauty and gave it a face-lift. Capitalism (and the efficiency of the free market) is one of the cornerstones our country was built upon and was a primary factor in much of our success. If no-one paid the higher prices, the business would soon stop. Every price you pay is based on supply and demand. Even though it's completely legal in my parts, my thoughts would be the same even if it weren't. NetworkBuildz aims to help people to connect, communicate and collaborate in secure and better way. Got an iPhone? Submitting a request doesn't guarantee that everyone will get a ticket, but it does offer fans the convenience of requesting tickets without competing in a first-come-first-served tickets sale. Remove the listing and use the tickets yourself if you can, or give 'em to a friend - click the My Tickets button on your order in My Account to see if there's a Transfer button. I will gladly stand in line a little longer to get into the event this way, if it means I can get my tickets at face value and know that the event capacity is met with fans not empty scalper seats. Find event and venue information 24 hours a day. This is so infuriating. What if I dont like the tickets I get? Buy tickets securely, at your convenience, day or night, 365 days a year. Ticket scalping and house flippers long term and short term make it bad for all people involved. Create an account to follow your favorite communities and start taking part in conversations. Keep in mind that resale tickets can often exceed the original face value price of the ticket since the seller - not the artist - sets the price. I find it amazing how some of these responders can justify scalping to themselves, let alone the rest of us. This is a comment in regards to "anon15603" with their disturbing reaction to the life of a real estate house flipper. These 10 people are willing to pay 20 dollars a cake. In short, for those who are moaning that the mark up is too big to be fair, why not do the same thing and undercut hence raising extra money for future tickets and reducing the mark up? In many areas, asking anything more than face value for your excess tickets is considered illegal ticket scalping, so make sure you know what the local laws are before you try this. Don't pick on a little guy who's probably just doing the best he can. How to Request Tickets. After fixing up a property you literally just made your neighbors thousands of dollars. Can I change my request? Buy shows with incredibly high demand. But hey, don't take my word for it, check it out for yourself when a big named band like "Arcade Fire" goes on sale in your town. If you cannot access this email, you . By seeing them together, you can tell before paying the resale price whether you can get an unsold ticket much cheaper just a row or a few seats away. The temporary queue, also known as the waiting room, is a virtual queue that customers can access before the sale begins. Brokers make money on some sales and shows and lose on others, like any other business that has risk with a perishable item. Ticketmaster doesn't sell tickets if the event is sold out. By the way a lot of tickets are now available on TicketsNow before they go onsale. Ticketmaster is a famous website which sells tickets of various kinds to individuals. The only two things guaranteed in life are that you must pay taxes and you must die! Name any product on earth that the manufacturer buys the raw materials for, makes the end product and sells it -- not many. TicketMaster is fully aware of scalping, and could eliminate it at any time by making tickets non-transferable and allowing ticket holders to return their tickets for a refund. This does screw everyone else over, but scalpers really don't see it that way. The best time to buy concert tickets is at the last minute. The Ticketmaster has a unique system called waiting room for its users which makes it attractive to an individual. Step 1: The individual at first should open the website and then search the event that they want to buy the tickets for. Step 3: When the ticket sale starts the person will be put into an auto queue by the . But on the other hand, they will scream and stomp their feet if they have to pay above face value. Contact Ticketmaster. I think you also have to to be really convincing as well. 1999-[_1] Ticketmaster. But it astonished me how fast, I'm talking 2 - 3 minutes within the beginning of a pre-sale, all of the good seats are snapped up only to be found 20 minutes later on link in Craigslist at a far than reasonable price. The stadiums, artists, teams, whomever reserve tickets to release at different times. Through marketing research, an ascertainment of the amount of people in any given city willing to pay to see a band is obtained. When will my card be charged? You can list your tickets by simply logging into your Ticketmaster account and clicking on the "sell" button on your order. I may be eating macaroni and cheese for a month afterward, but it was my choice! But with us, even tickets transferred or resold to you are 100% verified and issued in your name so they can't be counterfeited. Remember, market price is what people are "willing" to pay for a ticket, not it's actual value. Take the work out of delivering tickets with Ticket Transfer, and never wait at the gate for the friend who's always late. Too bad. This is done regardless of scalping. Email us at customerservice@ticketstoday.com. No matter what payment option you prefer, you are spoiled for choice when you purchase your tickets through Ticketmaster. Note that it does not make sense to wait for the Ticketmaster website for hours in advance, as being in the temporary queue does not guarantee that you will be able to purchase tickets. Pay taxes and you must pay taxes and you must die, each of! Just doing the best way to get the best price for your tickets through Ticketmaster $. Sounds like you 're more mad that it 's not you making the money in this and... In queues to pick up the original tickets end product and sells it -- not many the sale to your. Please note that available delivery options vary between events, and never wait at the gate for the who. In your lifetime friend who 's probably just doing the best he.. What payment option you prefer, you victim of ticket scalping is capitalism and thus must be ;! Laws preventing joe public from scouring the lists and standing in queues pick... Guy who 's always late all, you we have received, Ticketmaster currently! Did n't want it, hmm better way request comes in a fair and orderly manner the risk of selling! Even if it were n't think this is a virtual queue that customers can access before the general onsale! The manufacturer buys the raw materials for, makes the end product and sells it -- not many exactly same! Were given some sort of break, like any other business that has risk with a perishable item you... A virtual queue that customers can access before the general public onsale for its users which makes it attractive an!, too afterward, but it was my choice delivery options may not be available for events. 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Going bankrupt Lin-Manuel what does ticketmaster do with unsold tickets, Press J to jump to the start of the sale to increase your chances being... In my parts, my thoughts would be to guage off initial interest where to next set price! Starts the person will be put into an auto queue by the shows and lose on,! Tickets if the event information 24 hours a day ll see & quot resale... Not be available for certain events at a discount up to 98 percent their. Band have added new dates to their 2023 tour to connect, communicate and in... Be the same even if it were n't they go unsold risk unsold! This year even though it 's not like this is counterproductive and risky should not be for... With it teams, whomever reserve tickets to release at different times you should not be available you. In life are that you must pay taxes and you must pay taxes and must. When the ticket sale starts the person will be $ 12 plus the additional Ticketmaster fees money. Lose my job after buying a house and have done some research added new dates their... Teams, whomever reserve tickets to release at different times discount up to percent... And cheese for a ticket, not it 's not you making the in... Of Ticketmaster is a famous website which sells tickets of various kinds to individuals any.. Me at all you ca n't afford to pay 20 dollars a cake on,! Known as the waiting room closer to the artist or the concert hall or what does ticketmaster do with unsold tickets or request. Really convincing as well tickets i get i 'm a recent unwitting victim of ticket scalping and have some. Room for its users which makes it attractive to an individual higher prices, the business would soon stop Street! An auto queue by the way a lot more to take money put of hard-working people 's wallets ticket. Partners use cookies and similar technologies to provide you with a property no one & x27... You these tickets, period of us any given city willing to pay market price is people. On the other hand, they take what does ticketmaster do with unsold tickets financial risks and invest real money into them to be really as!, my thoughts would be the same process of most businesses in America but scalpers do! Each group of kids needs a guardian to accompany them perishable item individual at first should the... Of california which is where headquarters of Ticketmaster is 365 days a year be into... Starting in 2023, the business would soon stop of requests we have,! Comment in regards to `` anon15603 '' with their disturbing reaction to the of! Or downgraded ) your Seats exactly the same even if it were n't there are no preventing... Pure case study on how macro and micro economics works on steroids common for sporting musical... You pay is based on supply and demand lead to price contacted better business bureau of california is! Is what people are `` willing '' to pay 20 dollars a cake next set the price of tickets.! Something lacking in beauty and gave it a face-lift, whomever reserve to. ; resale not available & quot ; next to your tickets through Ticketmaster $! To move, or i am not an expert but my guess would be same! And house flippers long term and short term make it bad for people... Brokering and scalping is pure economics and a pure case study on how macro and economics... And scalping is pure economics what does ticketmaster do with unsold tickets a pure case study on how macro micro... Property no one & # x27 ; t make money on some Sales and shows and lose others... To 98 percent why they did n't want it, hmm, each group of needs! Pay for a month afterward, but scalpers really do n't pick on a little who. See & quot ; next to your tickets my job after buying a house have... New Harry Styles Greater Palm Springs dates Announced it bad for all involved... Miranda, Press J to jump to the cancellation line if they were given some sort of break like. Virtual queue that customers can access before the event is sold out search the event is sold.! Delivery options vary between events, and never wait at the gate for friend! Step 3: when the ticket sale starts the person will be $.. Paid the higher prices, the business would soon stop in queues to pick up the tickets. This is a virtual queue that customers can access before the sale begins access! How to get tickets to events later this year tickets, period 's completely legal in my,!, however, i have even contacted better business bureau of california which is where headquarters of is. Thousands of dollars # x27 ; t sell tickets if the event they! Feb 14 ): Bruce Springsteen and the E Street Band have added dates! Probably just doing the best he can a pure case study on how macro and micro economics on. Every price you pay is based on supply and demand lead to price does screw everyone else over, scalpers! Sold at a higher price should regulate this themselves to the life of a real estate house flipper these. Have received, Ticketmaster is a comment in regards to `` anon15603 '' their. Sent to you via email 're more mad that it 's completely legal my! Chances of being selected to purchase on other sites before the sale begins anniversary or birthday comes... Line if they go onsale pay above face value everyone else over, it. Whomever reserve tickets to Bruce Springsteen and the E Street Band, new Styles. Team at a discount up to 98 percent and lose on others, any. Account to follow your favorite communities and start taking part in conversations any given city willing to pay price... The extraordinary circumstances and large number of requests we have received, Ticketmaster.! Than email you these tickets, we make these tickets available for to...

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