crankymessiah 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."
]

Is this not the definition of ticket scalping? Just because there are people willing to pay $1000 for a ticket, if the cover price of the ticket is $75 and you knowingly charge more that makes you a scalper. Does this mean that scalpers will be able to sit outside shows and "auction" off what tickets they have to the highest bidder as well?

RE: Ticketmaster Auction Will Let Highest Bidder Set Concert Prices