Ticket broker considerations for setting prices

Ok, you want to surprise the special person and buy tickets for your favorite band for their anniversary. You are searching for tickets for shows on Google. A bunch of ticket broker websites appear on the first page. Everyone claims to have a seat for the concert. You click on one and find the concert and date to rate the ticket. Holy S @ 3%!! The cheapest ticket is $250. In your opinion, this is not even a good seat. How could this be? Simple supply and demand. Perhaps this concert is Madonna's first 10 years or U2, or Elton John's opening night at Caesars Palace. All of these concerts have high demand and very low fare availability.

In addition to the economics of ticket sales, what other factors play a role in ticket broker pricing? When Elton John announced that he had signed a two-year contract with Caesars Palace in Las Vegas, because he expected a million-dollar piano tour, fans around the world (the world) wanted this Tickets for the event. For a limited number of tickets, this is a lot of fans of hell. If you are lucky enough to get tickets for this event, it is good for you, but for most fans, they are not so lucky. The concert was pre-sold before the event began to be sold to the public, and these brokers (most) received huge seats. The prices of these tickets range from $100-250 to "face value." Tickets are listed on each secondary market website immediately after purchase, even after the concert is 7 months old and public sales have not yet begun. Tickets for the public release date range from $250 to $1,000 per seat, and the first week is FAST. Ticket sales slowed as time went by. Fares will remain stable in the coming months until the event is close, when prices will begin to decline. A warning; the price will soar a few weeks before the event begins and will decrease within a day or two before the event begins.

Top 3 Notes:

Price Point #1: Supply demand for events plays the biggest role in ticket broker pricing.

Price point #2: The price is highest after the start of public sale.

Price Point #3: The price remained stable until a week before the price spike occurred, the price would only begin to decrease one or two days before the event occurred.

Other considerations:

Price points # 4: The day of the event is very important. Saturday's event is the best-selling, so the price is the highest, followed by Sunday, Friday and backwards to Monday.

Price point #5: is a competitor? That is Redsox vs. Yankees, Celtics vs. Lakers

Price Point #6: Is it unusual? This means it is one of the professional All-Star games and the playoffs; Super Bowl; 2012 Florida Marlins' new stadium.

The final idea about ticket pricing.

Brokers know that fans will be passionate about the events they choose, whether it be sports, concerts, drama or any other fantasies and rely on this enthusiasm to move inventory. I know that many people, including myself, are risk-prone and prefer not to wait for the broker's price cycle, but to get the ticket now, rather than risk losing the perfect seat, but for those who have patience. What does it mean? Patience is a virtue, as is the case when buying tickets.