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RE: Ticketmaster Auction Will Let Highest Bidder Set Concert Prices

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RE: Ticketmaster Auction Will Let Highest Bidder Set Concert Prices
by flynn23 at 10:26 am EDT, Sep 2, 2003

Decius wrote:
] ] Late this year the company plans to begin auctioning the
] ] best seats to concerts through ticketmaster.com.
] ]
] ] With no official price ceiling on such tickets,
] ] Ticketmaster will be able to compete with brokers and
] ] scalpers for the highest price a market will bear.
] ]
] ] "The tickets are worth what they're worth," said John
] ] Pleasants, Ticketmaster's president and chief executive.
] ] "If somebody wants to charge $50 for a ticket, but it's
] ] actually worth $1,000 on eBay, the ticket's worth
] ] $1,000."

what's the 'transaction fee' worth then? $0?

RE: Ticketmaster Auction Will Let Highest Bidder Set Concert Prices


 
 
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