MP proposes cap on ticket re-sale prices - HotUKDeals
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MP proposes cap on ticket re-sale prices

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banned5y, 8m agoPosted 5 years, 8 months ago
Labour MP Sharon Hodgson is proposing that anyone reselling tickets can only make a 10% profit on the original price they paid.


My Chemical Romance say gig tickets should be resold by fans at face value
For example, a Reading and Leeds ticket bought for £192.50 could only be resold for £211.75.
FilthAndFurry Avatar
banned5y, 8m agoPosted 5 years, 8 months ago
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banned#1
http://www.bbc.co.uk/newsbeat/12805620

Sounds like a pointless bit of legislation if it gets any traction. Tickets are initially priced with supply and demand so I see no reason for that practice not to be applied by private sellers. It might not be nice for people who can't afford the prices, but that's life.
[mod]#2
Is the reason for this to eliminate people buying 100 tickets in order to deprive others and make a stupid amount of money? I do not think that the legislation is being passed to ensure that the ordinary purchaser is disadvantaged.
banned#3
So you claim you bought it for £211.75 off someone else and resell at 10% more than that and so on
[mod]#4
whatsThePoint
So you claim you bought it for £211.75 off someone else and resell at 10% more than that and so on

No. Face value will be the amount as printed on the ticket.
banned#5
magicjay1986
Is the reason for this to eliminate people buying 100 tickets in order to deprive others and make a stupid amount of money? I do not think that the legislation is being passed to ensure that the ordinary purchaser is disadvantaged.


They only mention normal concert-goers who can't go so re-sell their ticket.

Personally I'm against this type of limitation because I do believe in the marketplace being left to regulate itself. If people want tickets then they can get them as soon as they go on sale or pay a higher price later on - that to me makes good sense and as someone who has had to sell tickets on eBay before I can say that I've probably lost money on tickets as many times as I've made money.
[mod]#6
FilthAndFurry
magicjay1986
Is the reason for this to eliminate people buying 100 tickets in order to deprive others and make a stupid amount of money? I do not think that the legislation is being passed to ensure that the ordinary purchaser is disadvantaged.

They only mention normal concert-goers who can't go so re-sell their ticket.

Personally I'm against this type of limitation because I do believe in the marketplace being left to regulate itself. If people want tickets then they can get them as soon as they go on sale or pay a higher price later on - that to me makes good sense and as someone who has had to sell tickets on eBay before I can say that I've probably lost money on tickets as many times as I've made money.

Touts have brought about this potential piece of legislation. I see nothing wrong in people making a few pound if someone is willing to pay it. My problem is that touts bulk buy and leave you with minimal chance of getting tickets.

Will be interesting to see what comes of this.
#7
10%? is that before or after ebay get their chops dirty on their slice of pie.
banned#8
magicjay1986
whatsThePoint
So you claim you bought it for £211.75 off someone else and resell at 10% more than that and so on

No. Face value will be the amount as printed on the ticket.

"But Labour MP Sharon Hodgson is proposing that anyone reselling tickets can only make a 10% profit on the original price they paid"

Doesn't mention face value
#9
Unworkable. Touts will just set up a shill system:
Tout A buys for £30.
Sells to Tout B for £33.
Buys from Tout B for £36.3.
Sells to Tout B for £39.93.
Buys from Tout B for £43.92.
etc...
Finally Tout A sells to punter for £103.56
banned#10
magicjay1986
FilthAndFurry
magicjay1986
Is the reason for this to eliminate people buying 100 tickets in order to deprive others and make a stupid amount of money? I do not think that the legislation is being passed to ensure that the ordinary purchaser is disadvantaged.


They only mention normal concert-goers who can't go so re-sell their ticket.

Personally I'm against this type of limitation because I do believe in the marketplace being left to regulate itself. If people want tickets then they can get them as soon as they go on sale or pay a higher price later on - that to me makes good sense and as someone who has had to sell tickets on eBay before I can say that I've probably lost money on tickets as many times as I've made money.


Touts have brought about this potential piece of legislation. I see nothing wrong in people making a few pound if someone is willing to pay it. My problem is that touts bulk buy and leave you with minimal chance of getting tickets.

Will be interesting to see what comes of this.


I don't think I've missed out on tickets for gigs that I've wanted to go to. Most of the time O2 Priority means I can get tickets earlier than normal and you only need an O2 sim to access that.

In fact there are some gigs I've only been able to go to because of touts, after venues systems went down (thanks Dingwalls) because of demand from fans. I had to pay more, but that's supply and demand.
[mod] 1 Like #11
whatsThePoint
magicjay1986
whatsThePoint
So you claim you bought it for £211.75 off someone else and resell at 10% more than that and so on

No. Face value will be the amount as printed on the ticket.

"But Labour MP Sharon Hodgson is proposing that anyone reselling tickets can only make a 10% profit on the original price they paid"

Doesn't mention face value

I am confident she means resell following on from the original purchase. Otherwise this legislation makes no sense as there is no way of regulating it. Imagine having to prove to a court the trail of transactions just so you could make £50 on a ticket. Entirely disproportionate to be prosecuted.

This is something I am interested in keeping an eye on.
[mod] 1 Like #12
FilthAndFurry
magicjay1986
FilthAndFurry
magicjay1986
Is the reason for this to eliminate people buying 100 tickets in order to deprive others and make a stupid amount of money? I do not think that the legislation is being passed to ensure that the ordinary purchaser is disadvantaged.

They only mention normal concert-goers who can't go so re-sell their ticket.

Personally I'm against this type of limitation because I do believe in the marketplace being left to regulate itself. If people want tickets then they can get them as soon as they go on sale or pay a higher price later on - that to me makes good sense and as someone who has had to sell tickets on eBay before I can say that I've probably lost money on tickets as many times as I've made money.

Touts have brought about this potential piece of legislation. I see nothing wrong in people making a few pound if someone is willing to pay it. My problem is that touts bulk buy and leave you with minimal chance of getting tickets.

Will be interesting to see what comes of this.

I don't think I've missed out on tickets for gigs that I've wanted to go to. Most of the time O2 Priority means I can get tickets earlier than normal and you only need an O2 sim to access that.

In fact there are some gigs I've only been able to go to because of touts, after venues systems went down (thanks Dingwalls) because of demand from fans. I had to pay more, but that's supply and demand.

...but if touts put back their tickets that they had no intention of using there will be more supply and less demand. I guess it depends which way you look at it. Touts buy a ridiculous amount of tickets. Not just one or two.
banned#13
magicjay1986
FilthAndFurry
magicjay1986
FilthAndFurry
magicjay1986
Is the reason for this to eliminate people buying 100 tickets in order to deprive others and make a stupid amount of money? I do not think that the legislation is being passed to ensure that the ordinary purchaser is disadvantaged.


They only mention normal concert-goers who can't go so re-sell their ticket.

Personally I'm against this type of limitation because I do believe in the marketplace being left to regulate itself. If people want tickets then they can get them as soon as they go on sale or pay a higher price later on - that to me makes good sense and as someone who has had to sell tickets on eBay before I can say that I've probably lost money on tickets as many times as I've made money.


Touts have brought about this potential piece of legislation. I see nothing wrong in people making a few pound if someone is willing to pay it. My problem is that touts bulk buy and leave you with minimal chance of getting tickets.

Will be interesting to see what comes of this.


I don't think I've missed out on tickets for gigs that I've wanted to go to. Most of the time O2 Priority means I can get tickets earlier than normal and you only need an O2 sim to access that.

In fact there are some gigs I've only been able to go to because of touts, after venues systems went down (thanks Dingwalls) because of demand from fans. I had to pay more, but that's supply and demand.


...but if touts put back their tickets that they had no intention of using there will be more supply and less demand. I guess it depends which way you look at it. Touts buy a ridiculous amount of tickets. Not just one or two.


But what I'm saying is that the 'fans' who are smart don't tend to miss out. They're the ones camped out either at the venue or online as soon as the tickets go on sale. My view is that touts only take advantage of those who leave it late.

Like I said, I can't think of a gig that I've missed out on because of the actions of touts. I can think of times when I've made a massive profit on gig tickets though (mumford and sons at SBE had a face value of about £15, sold for £150).

I see legislation like this as needless meddling.
#14
Im gonna throw my view into things - This will merely force people to go under the radar, I thought about selling my V tickets on the bay but I figured I could make more by simply posting on facebook and agreeing face-to-face meet in a public area - bought 2 for £185 each, sold for £500 for the pair.

Although I do agree that touting CAN be wrong at times, the only way I see this being counteracted is with photo ID on 'premium tickets', ie for festivals etc... ensuring that fans can go at face value.

Glastonbury has adapted and touts cannot sell them on - time for others to do the same!
banned 1 Like #15
Restriction on ticket amounts purchased in one go is the best policy.
#16
master_chief
Restriction on ticket amounts purchased in one go is the best policy.

I disagree - Touts will still find a way to get them - this year V was 4 per person, and even went down to 2 when supplies were low...

Photo ID!!!

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