What should the law do about resale of tickets for concerts, sporting events, and theatrical shows? The recent 12-12-12 concert for which tickets were on the resale market for prices reported to be up to $60,000 brought this long-time question to the forefront.
Because the proceeds of ticket sales for the 12-12-12 concert were going to benefit Hurricane Sandy relief efforts, the huge price markups struck many as wrong because so much money went to the resellers rather than to the charity. Others say the event organizers should have charged more for the event tickets.
Continue reading “Resale of Event Tickets: Change the Laws or Let the Marketplace Rule?”