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bv
What happens if the price of a product is lower than the market price? Then there will be a black market and the scalpers will ask for the difference. You don't need the Nobel Price in economy to understand that a product should be priced by market price, not subsidized so that a 3rd party may get away with the difference between selling price and the going price in the market.
The Rolling Stones sell out 9 out of 10 shows. Their income from each and every show these days is 8-12 million US dollars, all over the world. If they sold tickets at half price then half of this for each and every show i.e. 4-6 million US dollars would be left for the scalpers to be collected.
It is not rocket science. It is plain market price facts. They are popular. Way too popular to be sold cheap.
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bv
What happens if the price of a product is lower than the market price? Then there will be a black market and the scalpers will ask for the difference. You don't need the Nobel Price in economy to understand that a product should be priced by market price, not subsidized so that a 3rd party may get away with the difference between selling price and the going price in the market.
The Rolling Stones sell out 9 out of 10 shows. Their income from each and every show these days is 8-12 million US dollars, all over the world. If they sold tickets at half price then half of this for each and every show i.e. 4-6 million US dollars would be left for the scalpers to be collected.
It is not rocket science. It is plain market price facts. They are popular. Way too popular to be sold cheap.
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potus43
Agreed. Will never say anything even slightly "against" the Stones. Pure and simple they are beyond greedy and could sell tickets for wayyyy less and still make a LOT of money. There were a ton of empty seats at the second Vegas show. Embarrassing
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VOODOOSEBIQuote
bv
What happens if the price of a product is lower than the market price? Then there will be a black market and the scalpers will ask for the difference. You don't need the Nobel Price in economy to understand that a product should be priced by market price, not subsidized so that a 3rd party may get away with the difference between selling price and the going price in the market.
The Rolling Stones sell out 9 out of 10 shows. Their income from each and every show these days is 8-12 million US dollars, all over the world. If they sold tickets at half price then half of this for each and every show i.e. 4-6 million US dollars would be left for the scalpers to be collected.
It is not rocket science. It is plain market price facts. They are popular. Way too popular to be sold cheap.
This is the most ridiculous explanation for high ticket prices I've ever heard.
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MisterDDDDQuote
potus43
Agreed. Will never say anything even slightly "against" the Stones. Pure and simple they are beyond greedy and could sell tickets for wayyyy less and still make a LOT of money. There were a ton of empty seats at the second Vegas show. Embarrassing
Let's play the overreaction game...
You win!
The second (only) Vegas show was a technical sellout. (14,133 out of 14,133)
Not that many empty seats considering the uncertainty of it even being held.
I paid $39 + fees and was in a section entirely made up of LD's where most of the empty seats were located (lower bowl, great seats!!). They had likely planned a second LD release to fill those prior to the uncertainty.
Very Impressive numbers from Billboard on the sales..
Current Boxscore
Rank Artist/Event Venue City/State Event Dates Gross Sales Attend/Capacity Shows/
Sellouts Prices Promoters
1 The Rolling Stones T-Mobile Arena Las Vegas, Nev. Oct. 22, 2016 $7,047,048 14,133 /
14,133 1 / 1 $750, $450, $150, $39.50 Concerts
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potus43
Coincidentally I was LD - and luckily scored Section 8. There were tons of empty seats on THAT section and sprinkled around the arena. FACT
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Harlem ShufflerQuote
bv
What happens if the price of a product is lower than the market price? Then there will be a black market and the scalpers will ask for the difference. You don't need the Nobel Price in economy to understand that a product should be priced by market price, not subsidized so that a 3rd party may get away with the difference between selling price and the going price in the market.
The Rolling Stones sell out 9 out of 10 shows. Their income from each and every show these days is 8-12 million US dollars, all over the world. If they sold tickets at half price then half of this for each and every show i.e. 4-6 million US dollars would be left for the scalpers to be collected.
It is not rocket science. It is plain market price facts. They are popular. Way too popular to be sold cheap.
Certainly in Britain most of the tickets are sold by scalpers (i.e. ticket angencies) because they get their hands on them before the general public do so please don't pretend the Stones are doing us any favours.
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bvQuote
VOODOOSEBIQuote
bv
What happens if the price of a product is lower than the market price? Then there will be a black market and the scalpers will ask for the difference. You don't need the Nobel Price in economy to understand that a product should be priced by market price, not subsidized so that a 3rd party may get away with the difference between selling price and the going price in the market.
The Rolling Stones sell out 9 out of 10 shows. Their income from each and every show these days is 8-12 million US dollars, all over the world. If they sold tickets at half price then half of this for each and every show i.e. 4-6 million US dollars would be left for the scalpers to be collected.
It is not rocket science. It is plain market price facts. They are popular. Way too popular to be sold cheap.
This is the most ridiculous explanation for high ticket prices I've ever heard.
So how would you solve the problem with scalpers if the tickets were cheap?
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MisterDDDDQuote
potus43
Coincidentally I was LD - and luckily scored Section 8. There were tons of empty seats on THAT section and sprinkled around the arena. FACT
Facts are good. 14,133 of us for a cool $7+ million.
Another fact? There's nothing "embarrassing" about that.
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bvQuote
VOODOOSEBIQuote
bv
What happens if the price of a product is lower than the market price? Then there will be a black market and the scalpers will ask for the difference. You don't need the Nobel Price in economy to understand that a product should be priced by market price, not subsidized so that a 3rd party may get away with the difference between selling price and the going price in the market.
The Rolling Stones sell out 9 out of 10 shows. Their income from each and every show these days is 8-12 million US dollars, all over the world. If they sold tickets at half price then half of this for each and every show i.e. 4-6 million US dollars would be left for the scalpers to be collected.
It is not rocket science. It is plain market price facts. They are popular. Way too popular to be sold cheap.
This is the most ridiculous explanation for high ticket prices I've ever heard.
So how would you solve the problem with scalpers if the tickets were cheap?
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dead.flowers
Is there a Nobel Prize in Economics?
Of course not. And sorry to contradict you. But the prize you mention does not belong to the Nobel Prizes established by Alfred Nobel in 1895. The prize you mention is something else, the Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel, established in 1968, first awarded in 1969.
EDIT: It is Memory Nobel and rhymes with Memory Motel.
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dead.flowersQuote
bvQuote
VOODOOSEBIQuote
bv
What happens if the price of a product is lower than the market price? Then there will be a black market and the scalpers will ask for the difference. You don't need the Nobel Price in economy to understand that a product should be priced by market price, not subsidized so that a 3rd party may get away with the difference between selling price and the going price in the market.
The Rolling Stones sell out 9 out of 10 shows. Their income from each and every show these days is 8-12 million US dollars, all over the world. If they sold tickets at half price then half of this for each and every show i.e. 4-6 million US dollars would be left for the scalpers to be collected.
It is not rocket science. It is plain market price facts. They are popular. Way too popular to be sold cheap.
This is the most ridiculous explanation for high ticket prices I've ever heard.
So how would you solve the problem with scalpers if the tickets were cheap?
Just for the record, and since the topic of Nobel Prize regularly flashes up in this forum after a Nobel Price has been awarded to Bob Dylan: There is no Nobel Prize in Economics.