Touts selling Elton Shrewsbury tickets for £450 per pair
Saturday 30th October 2010, 6:00PM BST.
Ticket touts are cashing in on Sir Elton John’s Shrewsbury Town gig by selling tickets for up to £450 per pair.
Tickets went on sale this week for the concert on June 12 and thousands of fans have snapped up seats priced from £35 to £75.
However, it has emerged that touts are already trying to cash in by offering tickets for the Greenhous Meadow Stadium gig at three times their face value.
But fans tempted by offers on internet sites are being warned they may lose out.
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And what’s wrong with touts?
As long as they have a genuine item at a price you’re prepared to pay, then they’re providing a service. If not, there’s no deal.
£225 (£450 a pair) may be a big mark-up on the face value, but if there’s no demand the price will fall and if anybody does want them, the price will be achieved. If we get closer to the event and people start leaving announcements in the papers or internet, then the price may go even higher. Supply and demand, supply and demand.
There’s no unfairness about it – they have to get their tickets the same way as anyone else or buy them from sources who will also charge them more than face value.
Touts create a market. Without them, there would be far less opportunity to attend any events that have high demand. They work on a pure supply and demand basis. If they charge too much, more than everyone would pay, then they don’t sell and lose out. If the price attracts even just one buyer, then we have two happy people.
And any complaint from anyone that they sell too high and at a fat profit cuts no ice – anyone who wouldn’t maximise their profit on something they’re selling is a fool or a simpleton – peoples’ houses, cars, businesses, services, anything, they’re all sold at the best possible price wherever they can be, privately, at auction, on eBay, etc., so what’s different about a concert ticket?
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Because it’s not simple supply and demand is it? What you now have is people buying tickets for artists they don’t even like and with no intention of ever going just to try to make a quick buck on eBay at the expense of genuine fans. Concert ticket prices generally have gone up significantly in recent years, and this is a factor. If the eBay crowd didn’t get in on it then the people who genuinely want to see an artist can go without being disappointed by being priced out. Let’s hope that all those speculators get caught when they try to sell on….
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Yeah, it’s simple supply and demand. Not exactly desirable, though.
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It’s like welcome to the real world Shrewsbury!
My sister went to see Paul McCartney at the Millenium Stadium, Cardiff. She said it was and he was, amazing.
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