Paying the Ultimate Price for Online Tickets
January 21, 2016•7 min
Recently, it seems like you have more chances of winning the Powerball jackpot than getting tickets to see Adele or Hamilton.
When Adele's pre-sale tickets went on sale in December of last year, so many fans were locked out of the 56-date tour that a social media frenzy erupted. (Including the meme: "Hello from the ticket line. I've clicked refresh a thousand times.")
Soon after, tickets appeared online for hundreds and even thousands of dollars over face value. But who's snatching up all those tickets? And while Adele fans lament, there are plenty of other sporting events, plays, and concerts that we're getting locked out. So it begs the question: Why do the re-sellers and the scalpers seem to have all the luck? And is there ever a way to beat them at their own game?
This week on Money Talking, Charlie Herman talks with Jason Abbruzzese from Mashable and Ethan Smith from the Wall Street Journal about the economics of online ticket sales and what you can do to get a ticket.