The Fan Exchange scam

SHZA

mcgruff10 said:

@Weston1283 where did you see tickets for $20 and $30?  On ticketmaster?

Vivid had upper level for St Paul 1 for under $50 including fees. Lowest get in for tonight is about $125. All the lower and club level F2F listings for tonight have now sold, which is a huge difference compared to night 1 

SHZA

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

CM189191

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

Eddieredder

mace1229 said:

I think the whole nontransferable ticket thing is dumb. I'd be okay with laws that prevent from selling tickets above face value, but I should be able to transfer them if I want. Which would allow you to sell them below face and not eat the entire cost if you can't go last minute. 

Transfer also allows you to scalp at way above face value. You can’t have it both ways

SHZA

CM189191 said:

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

It's simple logic and math... 

LBCeddie

josevolution said:

So are there a lot of folks who get stuck with tickets they couldn’t sell/transfer? I had to sell my Chicago II tickets but the seats make it easy for me to get rid of

All that complaining about seat location for nothing?

jwhjr17

SHZA said:

CM189191 said:

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

It's simple logic and math... 

What he said.  Pretty easy to figure out.

CM189191

SHZA said:

CM189191 said:

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

It's simple logic and math... 

Sunk cost fallacy would be a better explanation.

Pearl Jam has an audience that's already financially and emotionally invested in seeing their shows. 

So Pearl Jam can continue to charge more $, and continue to push 10C into worse seats.

Because what are you gonna do about it? Cancel your membership? Join some other fan club? 

mattcoz

CM189191 said:

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

1 ticket at $1000 + 9 tickets at $100 = $1900

Now, take away the $1000 ticket.

$1900 / 10 tickets = $190

CM189191

mattcoz said:

CM189191 said:

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

1 ticket at $1000 + 9 tickets at $100 = $1900

Now, take away the $1000 ticket.

$1900 / 10 tickets = $190

Pretty sure I saw more than 10 people at the show Thursday

You think $1,000 was the average Premium price?

I know my 10C ticket was more than $100

And I doubt there's 9 10C members for every Premium ticket.

Your numbers don't add up. Try again?

static111

Eddieredder said:

mace1229 said:

I think the whole nontransferable ticket thing is dumb. I'd be okay with laws that prevent from selling tickets above face value, but I should be able to transfer them if I want. Which would allow you to sell them below face and not eat the entire cost if you can't go last minute. 

Transfer also allows you to scalp at way above face value. You can’t have it both ways

Why can't fans sell tickets at market value?

Kwieneke

CM189191 said:

mattcoz said:

CM189191 said:

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

1 ticket at $1000 + 9 tickets at $100 = $1900

Now, take away the $1000 ticket.

$1900 / 10 tickets = $190

Pretty sure I saw more than 10 people at the show Thursday

You think $1,000 was the average Premium price?

I know my 10C ticket was more than $100

And I doubt there's 9 10C members for every Premium ticket.

Your numbers don't add up. Try again?

I think the point was just to use numbers that are easy to put together

CM189191

Kwieneke said:

CM189191 said:

mattcoz said:

CM189191 said:

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

1 ticket at $1000 + 9 tickets at $100 = $1900

Now, take away the $1000 ticket.

$1900 / 10 tickets = $190

Pretty sure I saw more than 10 people at the show Thursday

You think $1,000 was the average Premium price?

I know my 10C ticket was more than $100

And I doubt there's 9 10C members for every Premium ticket.

Your numbers don't add up. Try again?

I think the point was just to use numbers that are easy to put together

I disagree. I don't think the numbers are so simple. 

I think 10 club members are getting soaked with this new premium pricing and they don't even realize it. Which is why I'm asking for transparency.

Or, maybe we should just trust Ticketmaster's and take their word for it. I'm sure Ticketmaster has our best interest in mind, right?

SHZA

CM189191 said:

Kwieneke said:

CM189191 said:

mattcoz said:

CM189191 said:

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

1 ticket at $1000 + 9 tickets at $100 = $1900

Now, take away the $1000 ticket.

$1900 / 10 tickets = $190

Pretty sure I saw more than 10 people at the show Thursday

You think $1,000 was the average Premium price?

I know my 10C ticket was more than $100

And I doubt there's 9 10C members for every Premium ticket.

Your numbers don't add up. Try again?

I think the point was just to use numbers that are easy to put together

I disagree. I don't think the numbers are so simple. 

I think 10 club members are getting soaked with this new premium pricing and they don't even realize it. Which is why I'm asking for transparency.

Or, maybe we should just trust Ticketmaster's and take their word for it. I'm sure Ticketmaster has our best interest in mind, right?

They say 10% are premium. So for every 100 tickets, 90 sell @ 160 (14,400) and 10 sell at say 500 (5000), for a total of $19,400. Without premium, the total would be 16,000. Therefore, you would have to raise the price of standard tickets to $194 to make the same amount of money. The conclusion is that premium is subsidizing the standard tickets by allowing them to only charge 160. 

JBob87

IMO a much bigger issue is 10C charging the same price for all tickets.

A small group gets $500 market value tickets for a 70% discount...forever. A larger group overpays by 50-100% for nosebleeds. Obviously this is very much show dependant - at MSG, everyone who wins the lottery is getting a good deal. But when I hear about 10C members having to eat tickets and sell at massive losses to recoup money for the Chicago shows, it rubs me the wrong way.

The terms of the club are what they are...and FWIW I fully support the seniority system. I think it's very fair to use to determine seat locations. But I'm not sure it's equitable to have one group of 10C members be massive financial winners and another essentially subsidizing this. 

CM189191

SHZA said:

CM189191 said:

Kwieneke said:

CM189191 said:

mattcoz said:

CM189191 said:

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

1 ticket at $1000 + 9 tickets at $100 = $1900

Now, take away the $1000 ticket.

$1900 / 10 tickets = $190

Pretty sure I saw more than 10 people at the show Thursday

You think $1,000 was the average Premium price?

I know my 10C ticket was more than $100

And I doubt there's 9 10C members for every Premium ticket.

Your numbers don't add up. Try again?

I think the point was just to use numbers that are easy to put together

I disagree. I don't think the numbers are so simple. 

I think 10 club members are getting soaked with this new premium pricing and they don't even realize it. Which is why I'm asking for transparency.

Or, maybe we should just trust Ticketmaster's and take their word for it. I'm sure Ticketmaster has our best interest in mind, right?

They say 10% are premium. So for every 100 tickets, 90 sell @ 160 (14,400) and 10 sell at say 500 (5000), for a total of $19,400. Without premium, the total would be 16,000. Therefore, you would have to raise the price of standard tickets to $194 to make the same amount of money. The conclusion is that premium is subsidizing the standard tickets by allowing them to only charge 160. 

How do you know premium tickets are averaging $500?

And you're not including 10C annual dues.

SHZA

CM189191 said:

SHZA said:

CM189191 said:

Kwieneke said:

CM189191 said:

mattcoz said:

CM189191 said:

SHZA said:

CM189191 said:

Zod said:

I do wonder.  How much extra revenue do they get from the platinum tickets.  It's pretty clear they aren't selling all of them at above face.   How much could it could possibly add to the regular ticket prices, if they took that amount of money, divided it by 16,000, and added it to all the other tickets?

I think I'd rather pay $20 more per ticket, then deal with platinum thing.


I suppose at a minimum we should start a "Petition to allow fan2fan to sell tickets below face value" thread.   Not sure if TM/Pearl Jam would do it, as it could result in them holding the bag on unsold tickets.

In regards to fan2fan, I really don't like how it's made fan club tickets disposable.   It's made it so easy for fans to buy tickets, see they aren't good, then try to dump them again, but it pushes everyones tickets further back that actually do use their tickets.  It also allows non 10c'ers access to 10c tickets.  Like your almost better off not using 10c, and sniping fan2fan tickets or unsold platinum tickets (if you can gamble with the travel aspect of it).

Since 10C seats keep getting pushed further back, more transparency would be nice.

Claim that Premium tickets subsidize 10C tickets?  ok, prove it!  Show me the money!

Of course higher priced seats subsidize lower priced ones. Platinum pricing generates additional revenue they wouldn't have otherwise. If there were no platinum sales, they would have to raise the standard price to make the same amount of money 

ok, prove it! Show me the money!

1 ticket at $1000 + 9 tickets at $100 = $1900

Now, take away the $1000 ticket.

$1900 / 10 tickets = $190

Pretty sure I saw more than 10 people at the show Thursday

You think $1,000 was the average Premium price?

I know my 10C ticket was more than $100

And I doubt there's 9 10C members for every Premium ticket.

Your numbers don't add up. Try again?

I think the point was just to use numbers that are easy to put together

I disagree. I don't think the numbers are so simple. 

I think 10 club members are getting soaked with this new premium pricing and they don't even realize it. Which is why I'm asking for transparency.

Or, maybe we should just trust Ticketmaster's and take their word for it. I'm sure Ticketmaster has our best interest in mind, right?

They say 10% are premium. So for every 100 tickets, 90 sell @ 160 (14,400) and 10 sell at say 500 (5000), for a total of $19,400. Without premium, the total would be 16,000. Therefore, you would have to raise the price of standard tickets to $194 to make the same amount of money. The conclusion is that premium is subsidizing the standard tickets by allowing them to only charge 160. 

How do you know premium tickets are averaging $500?

And you're not including 10C annual dues.

You're missing the point. Whether premiums average 200, 500, 1000, or any number in between, plug that number into the equation and adjust accordingly. However much additional revenue is generated by the differential between the premium price and regular price subsidizes the regular priced tickets. Without it, regular price would have to be higher to reach the same profit. 

10c dues have nothing to do with it. Those exist regardless of whether some tickets are premium priced or not. 

YourDirtisMyfood

The Cure is an aging band, too that doesn't always tour and a lot of their shows were sold out this year.  They did make efforts to keep ticket prices, low though.

YourDirtisMyfood

I just saw Springsteen last Saturday night at Gillette for $58 before fees in the 3rd row of the 300's and had a great time.  Wasn't sold out and the weather held up thankfully.

josevolution

LBCeddie said:

josevolution said:

So are there a lot of folks who get stuck with tickets they couldn’t sell/transfer? I had to sell my Chicago II tickets but the seats make it easy for me to get rid of

All that complaining about seat location for nothing?

Unforeseen circumstances popped up and my daughter couldn’t make it so had to cancel! But yeah I’ll complain every time if I get seats that are not corresponding with 10C membership #