LilDestructiveSheepAug 7, 2023

Crosspost: Beyoncé selling "only listening" tickets

https://lemmy.world/post/2807587

Crosspost: Beyoncé selling "only listening" tickets - Lemmy.world

> Summary: “Beyoncé is selling “listening only” tickets > for her Renaissance tour. The seats are behind the > > stage, so you can’t see any of the set or dancing, but > they only cost $157 compared to the ~$900 fans have been paying for regular US tickets.” > > haha! > > fuuuuuuuck that.

Show threadDuchessAug 7, 2023
the thing that offends me most is the price. i remember thinking £80 was a lot for a concert ticket in about 2010
Show threadsunbytesAug 7, 2023
Well the thing is, she really needs the money.
Show threadJohnEdwaAug 7, 2023
She personally doesn't, but it is a rather simple case of supply and demand for everyone else involved - there are only so many that fit in the concert, as long you find enough people willing to pay $900 per ticket to sell them all, it doesn't make any financial sense to price them any lower. And if you do lower it while the market is still willing to pay significantly more, you quickly get swamped by scalpers grabbing the profit from you instead.
There is a Finnish saying that goes something like "The one that asks is not the stupid one, the one who agrees to pay is".
ei se ole tyhmä, joka pyytää, vaan se, joka maksaa - Wiktionary

Show threadZorqueAug 7, 2023

Ah yes, no scalper is going to want to make buy up expensive tickets.

The problem with supply/demand trends for such limited availability is that unless you price astronomically high, theres going to be more than enough people willing to throw their money at it, even if they have to sell a kidney to do it. Its more than just basic market forces, its social trends and hysteria from hype.

At a certain point you have to ask "are they doing it to provide a service, or just making as much money as they can, because that's all they really care about?" Because at a certain level, those two options are no longer compatible.

Show threadJohnEdwa
They will try, but if the prices are already high then they won't be able to sell them nearly as easily or gain as much profit.
And even if we abolished scalping and it would bring the prices down a bit, it wouldn't actually solve the issue - like how nVidia noticed last gen that there were enough people that were willing to pay ridiculous amounts for the scalped GPUs, so now they increased the prices themselves to that level. It just made it happen faster than normal as they could gauge the markets easier.
Aug 7, 2023 at 9:24pmWeb