Monday, 22 October 2012

Lyndahere And Other Activities...Ticket scalping and ticket reselling.

Lynda Elstad or Lyndahere (@lyndahere) tweeted to @russellcrowe If anyone happens to need…I have a nice pair in the 7th row that a home for face value. Friends couldn’t make it 6.54pm 13 October 2012 the day of the event.

It is difficult to determine how @lyndahere makes the money needed to supplement her lifestyle following the members of Great Big Sea and their friends around the world. This question has been asked by me and others on Twitter. She does not seem to have regular employment or a source of income. Travelling, accommodation, food and tickets cost money even if done on the cheap is expensive. There are a number of ways @lyndahere could allegedly make money to support herself, including an inheritance or payout for an accident. She may be on a pension (as she takes medication of some kind) and supplements her income through bootlegging, pirating, scalping tickets and computer work.

There is money to be made in bootlegging and pirating videos on Youtube and scalping tickets with little risk of being caught. The Indoor Garden Party in New York with Russell Crowe, Alan Doyle and friends experienced some issues with ticket resales and ticket scalpers. On September 7 the event sold out within minutes. The good news was that many loyal Crowe/Doyle Songbook 3 fans from around America and the world got tickets to the event. Unlike the first Indoor Garden Party in Newfoundland there seemed to be tickets available right up until the day of the concert with mark ups as much as $400. Russell Crowe apologised on Twitter for the tickets @russellcrowe We do realise that how the IGP tickets were handled by the venue was very uncool. We will try to make sure this doesn’t happen again 19 October 2012.

In the US reselling tickets whether or not for face value breach the conditions of sale. But whether or not this can be reinforced is questionable according Wikipedia (2012 Ticket resale) and there are always ways around the laws for enterprising individuals ready to take the risk. In America the laws on the resale of tickets and how this can be done vary from one state to the next. There are many risks for the consumer willing to purchase tickets in this way including buying fake tickets.

Ticket resale and ticket scalping in a range of countries is discussed in considerable detain by Wikipedia (2012). Ticket resale (or ticket scalping) is the act of reselling tickets for admission to events. Tickets brokers and ticket scalpers buy up tickets and then sell them on to consumers “Scalpers would purchase tickets in bulk from the promoter hoping that the tickets would sell out causing an increase in demand for tickets and thus an increase in the ticket price, which allowed scalpers to profit on this margin” (Wikipedia 2012)

Ticket brokers operate differently from ticket scalpers in that they operate from a physical site often a store front rather than on-line or in person. Wikipedia (2012) explains “Tickets are bought from licensed sellers and are then sold for a price determined by the individual or company in possession of the tickets. Tickets sold through secondary sources may be sold for less or more than their face value depending on demand, which itself tends to vary as the event date approaches” (Wikipedia 2012).

Wikipedia (2012) examines the relationship between ticket brokers and ticket scalpers…Ticket Brokers, allow the public to advertise, trade, sell, and buy unwanted tickets online…In some cases ticket exchanges have been used by ticket scalpers to sell tickets. Scalpers would purchase tickets in bulk from the promoter hoping that the tickets would sell out causing an increase in demand for tickets and thus an increase in the ticket price, which allowed scalpers to profit on this margin (Wikipedia 2012 Ticket exchange/brokers).

Wikipedia (2012) writes about resellers…”Resellers also argue that there is a fine line between the individuals who genuinely wish to attend a popular event (and decide to sell on their tickets later) and those that buy tickets in large quantities in order to resell their tickets for a hefty profit. The practice of reselling tickets may be defended on free market principles although some countries have outlawed the unauthorized resale of tickets (usually with exceptions where the reseller doesn't profit from the transaction)…

There are many criticisms to buying tickets in this fashion. The worst is that there were people who brought tickets with no intention of going to the event and then selling them on for a profit and people buying fake tickets.


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