Scalping (trading)
Scalping, when used in reference to trading in securities, commodities and foreign exchange, may refer to
Ticket Scalpers Are Hidden Heroes
Posted by admin / Under Scalping (trading)
Dozens of people among the throngs of jubilant fans hold crudely made cardboard signs featuring the words "I Need Tickets." Strangely, these people who, to an outsider, appear to be in desperate need of tickets for the big game, hold numerous tickets high above their head so everyone can see. These people are the noble ticket scalpers. They are a people scorned by athletic organizations, lawmakers, and many fans. What are they doing to merit such ill will and legal persecution? Are they truly unscrupulous, greedy parasites who dupe fans and injure the athletic organizations? The United States does not...
Published on Friday 10th of February 2012 06:12:39 AM
Concert Tickets Get Set Aside, Marked Up by Artists, Managers (bands scalping their own tickets)
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Less than a minute after tickets for last August's Neil Diamond concerts at New York's Madison Square Garden went on sale, more than 100 seats were available for hundreds of dollars more than their normal face value on premium-ticket site TicketExchange.com. The seller? Neil Diamond. Ticket reselling -- also known as scalping -- is an estimated $3 billion-a-year business in which professional brokers buy seats with the hope of flipping them to the public at a hefty markup. ...the source of the higher-priced tickets was the singer, working with Ticketmaster Entertainment Inc., which owns TicketExchange, and concert promoter AEG Live....
Published on Friday 10th of February 2012 06:12:39 AM
Senate votes to ban inauguration ticket scalping - has to pass in House (Free market hardest hit)
Posted by admin / Under Scalping (trading)
Senate votes to ban inauguration ticket scalping34 mins ago WASHINGTON (Reuters) – The U.S. Senate has passed a bill outlawing the sale of tickets to President-elect Barack Obama's swearing-in ceremony, which are being handed out for free, threatening offenders with a $100,000 fine and a year in jail. **SNIP** "The presidential inauguration is one of the most important rituals of our democracy. The chance to witness it should not be bought and sold like tickets to a sporting event," Sen. Dianne Feinstein, a California Democrat who sponsored the legislation, said in a statement on Wednesday. The legislation, passed by the...
Published on Friday 10th of February 2012 06:12:39 AM
Ticketmaster to buy reseller TicketsNow (officially a part the ticket scalping business)
Posted by admin / Under Scalping (trading)
NEW YORK (Reuters) - Top box office service Ticketmaster said on Tuesday that it would buy TicketsNow Inc, a Web site that resells tickets to concerts and sports events, in a bid for a stronger foothold in the secondary tickets market. Ticketmaster, a unit of IAC/InterActiveCorp that will be spun off into an independent company later this year, expects the deal to close by the end of the first quarter. Ticketmaster said it planned to build a site allowing customers to review and compare ticket pricing in the primary, premium and resale markets. Financial terms were not disclosed, but a...
Published on Friday 10th of February 2012 06:12:39 AM
"Scalping" Is Just Another Word For "Business"
Posted by admin / Under Scalping (trading)
There are people paying $250 this week for Hannah Montana concert tickets with a face value of 25 bucks. For those of you not blessed with 13-year-old daughters who watch the Disney Channel, Hannah Montana is a fictional pop star played by the daughter of Billy Ray Cyrus - also known as the Achy-Breaky Heart guy. Anyone who’d pay 10 times face value for tickets to watch a cable TV actress sing bad pop music for pre-teens is a dope who shouldn’t have access to a checkbook without adult supervision. On the other hand, there are people prepared to pay...
Published on Friday 10th of February 2012 06:12:39 AM
Scrap the scalping laws
Posted by admin / Under Scalping (trading)
But what I really don't understand about the scalping brouhaha is why anyone thinks the government should be involved in deciding how much a willing buyer can pay a willing seller for tickets to a lawful entertainment event. We all take it for granted that if you're willing to pay for the privilege, you can stay at the best hotel, live in the best neighborhood, eat at the best restaurant, or hire the best lawyer. So what accounts for the heavy breathing when some fans pay a premium in order to see Daisuke Matsuzaka take the mound or watch David...
Published on Friday 10th of February 2012 06:12:39 AM
Economics question re: concert tickets (semi-vanity)
Posted by admin / Under Scalping (trading)
My family lives on the North side of Indianapolis up by Fishers. Just down the road is Verizon Wireless concert arena. When we drive by on days of concerts, there are many people sitting in chairs off to the side of the road with signs stating "Need tix" while holding tickets in their hands, presumably for sale. What am I missing here (besides the Brad Paisely concert tonight)?
Published on Friday 10th of February 2012 06:12:39 AM
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