As you've probably heard, Hannah Montana tickets whose face value is from $100-$200 are selling for $2-3thousand each in the after market. Scalping tickets is supposed to be illegal but ticket brokers do it all the time. Now as if NFL tickets aren't expensive enough....
LOS ANGELES (AP) -- Ticketmaster plans to launch a Web site next year where people can resell tickets to pro football games, the latest push by the event ticketing company into the lucrative secondary ticket market.
The company signed a multi-year deal with the National Football League that includes branding and promotion for the site, Ticketmaster said in a statement being released Tuesday. Financial terms were not disclosed.
West Hollywood-based Ticketmaster already operates separate, so-called ticket exchange sites for 18 NFL teams, which allow ticket holders to resell their game tickets online.
Understandably, if ticket scalping were legal, scalpers would buy up most of the tickets in the first hour of selling and then make a fortune unloading them on people dumb enough to pay $2000 for a concert or game ticket. Regular people would never have access to face-value tickets. My question, if it's illegal for me to scalp a ticket, then why is it OK for Ticketmaster, or StubHub, or other broker to do it? Those guys buy up the best tickets before they're available to the public and sell them for 2-4 times their face value, claiming that the profit is an "operating" or "convenience" expense.
Why can't I buy a ticket and sell it at whatever the prevailing market will bear? That's a rhetorical question. I know why I can't, but why can the brokers?