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In what The Wall Street Journal has dubbed “The Year of the $1,000 Concert Ticket,” die-hard fans of all ... rather than having to contend with inflated prices on resale platforms like Stubhub ...
The high resale prices for certain tickets have attracted criticism for being prohibitive to average concert-goers, such as the 2009 Super Bowl tickets that averaged $2,500 when resold on the platform. [76] The company promised to refund the price of any ticket that fails to reach a buyer by FedEx, and sometimes sends staff to replace bad ...
With icons like Taylor Swift on tour this summer, concert ticket purchases are booming. Unfortunately, so are ticket scams. In 2022, the Better Business Bureau (BBB) received over 140 reports on ...
Several hundred tickets were available on StubHub with prices ranging from $1,800 to $6,700. [12] [13] Due to scalper issues and the original run of dates selling out in minutes, Springsteen announced the residency would continue until February 3, 2018, with tickets for the newly announced dates going on sale September 7, 2017. A second ...
July 31, 2024 at 9:24 AM. WASHINGTON (AP) — The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and ...
Ticket resale is common in both sporting and musical events. Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket ...
That makes it “nearly impossible” for buyers to know the true cost of a ticket and compare to find the best price, he said. Fees vary widely and can total more than 40% of the advertised ticket price, the lawsuit alleges. StubHub is one of the world’s largest resale platforms for tickets to sports, concerts, and other live events.
Did you sell any concert or event tickets on an online resale site such as StubHub or Ticketmaster in 2023? Many Americans did -- StubHub reports that 83% of ticket sellers for U.S. concerts on ...
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