CBS Mornings Looks Concert Ticket Prices

Granted it's a larger venue for a huge artist but wanted to get Lady Gaga tickets for the Chicago show. The upper level had tickets on sale for $350 each during the presale. & as soon as the general sale happened everything was just resale, no actual tickets from the vendor.
I was aghast wondering how people afforded this, but I am like 98% sure over half of these tickets are being purchased on credit cards where people go into more debt.
Ticket buying is stressful, the prices are stressful, and the bots are insane. What makes me want to smash my head against the wall is Ticketmaster/Livenation controls all of this and I know they have enough money to crack down on these issues but they just won't do it.
I love live music but hate seeing my bank account after just one ticket purchase.

 

The worst part about this segment is when the guy says it's totally fair that these "scammers" can buy up to 20 tickets at once. The only response he had to regular people not being able to buy tickets because of this is simply to get your friends and family to all try at once to buy tickets.

 

EVERY time one of these segments happens it's exposed that the majority of ticket costs goes to acts and it is THEN exposed by the acts that a large portion of the ticket cost is to cover tour productions and expenses. AND YET....each time there is a big on sale that inevitably has high prices and people left out people continue to complain about Ticketmaster conspiracies.

I fully also support that there needs to be much more transparency about ticket hold backs for brokers and scalpers with inside connections. There also needs to be face value prices communicated BEFORE on sales as well as, potentially, estimates of where dynamic/platinum will land based on where similar events have been in the past. Acts need to stop hiding behind their managers and deal with the bad PR if they're going to charge this much. Most likely we'll move to a fully dynamic pricing model in the future, similar to airline flights.

 

once paid $430 for stale azzwater tix.
was it worth it?

you betcha.

 

But what is the issue you want them to crack down on? For hot shows, there are more people that want to go vs tickets available thus, unless everyone wants to make less profit, prices will reflect demand. Where I do agree is that the industry SHOULD combat any scalping/bot methods that don't benefit those doing the actual work.

 

Stubhub taking a $180 cut compared to the artists $100 is insane. In no way should that ever be the case.

 

Man, scalpers are soulless ghouls. Across the board. "haha I sold the tickets instead of giving them to my daughters."