Monday, November 10, 2008

You can't keep a good market down...

The response to this situation should be interesting-- but would it be Obama's call or W's? Or the local authorities of Washington DC? I'd guess the last of them all, with advice from Obama.

But wouldn't it be ironic if, during an inauguration address by Obama highlighting the importance of strengthening the economy, he took the stance of squashing the most rudimentary of markets by preventing resale of inauguration tickets?

As I've said many times before: Ticket "scalping" is not bad.

As I've also said many times before: If you wanted to put an end to ticket resale markets, auctioning off tickets to begin with would severely reduce in size that market.

1 comment:

Lukas Sprehn said...

Ticket scalping IS bad. And it is even illegal in some countries. All companies who put on a show should crack down on the practise, as soon as possible, for it is draconian. Period. As well as grossly unfair for the buyer. You either sell at original price of go lower. And I encourage everyone to not accept a single ticket this way from anyone either.