Your command at economics is laughable at best.
These ticket brokers, licensed ticket scalping businesses legalized by that bastard ex-President Reagan, create artificial demand by buying up all the tickets. Hence, a "sold out" concert to Ticketmaster, which justifies SFX to raise base prices for future concerts, as the demand is "high."
However, get this. As a $45 ticket goes for, let's say, $300 at a ticket broker, they don't even need to sell even a third of them to break even!
For statistics sake, let's say a broker bought 100 GA tickets at $45 a piece.
$45 x 100 = $4,500
Now, if they sold all of them for $300 a piece...
$300 x 100 = $30,000
That would be a $25,500 profit. But a ticket broker knows that they will not reasonably sell all those high-priced tickets...and they don't need to either....
$300 x 15 = $4,500
So, if a ticket broker sells 15 high priced U2 tickets, they can break even and it will be economically feasible to throw away 85 tickets. That's 85 less tickets for U2 fans and higher base ticket prices for U2 fans in future tours, justified by such "high demand."
And it's topics like this that make my post on the decline of American education in "Free Your Mind" all the more true.
Melon
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"He had lived through an age when men and women with energy and ruthlessness but without much ability or persistence excelled. And even though most of them had gone under, their ignorance had confused Roy, making him wonder whether the things he had striven to learn, and thought of as 'culture,' were irrelevant. Everything was supposed to be the same: commercials, Beethoven's late quartets, pop records, shopfronts, Freud, multi-coloured hair. Greatness, comparison, value, depth: gone, gone, gone. Anything could give some pleasure; he saw that. But not everything provided the sustenance of a deeper understanding." - Hanif Kureishi, Love in a Blue Time
[This message has been edited by melon (edited 09-27-2001).]