Reselling the tickets- Is it legal?
Reselling the tickets- Is it legal?
Reselling the tickets- Is it legal?
The practice of reselling a ticket after it's acquired from the box office is something wrong. However, the purchase of tickets at the original sale proceeds to be a crap-shoot, the average fan has observed ticket resale marketplaces to be a great source for greater ticket access and choice, not to mention value. Here we are going to see how the ticket resale works today.
Legal:
Reselling tickets for more than face value is termed as "scalping," varies based on the legal system of a state. Many states consider ticket reselling to be illegal, but some other states considering the ticket reselling is legal as long as the reseller adopts specific practices. The truth is that it's perfectly legal to sell a ticket at or below the price printed on the ticket in all 50 states. Check your local state laws for further information. Reselling tickets for face value or less than the face value is legal throughout the U.S.
Tickets are not an Essential product:
Actually buying tickets to an event is an non-essential, luxury good. Going to an event is a "nice-to-have," not a "need-to-have". Intrinsically, there is no logical reason why a ticket buying is treated differently than any other non-essential product. In the US, where we have a market based on capitalism and free trade, supply and demand determine price and those who make a profit reselling services or goods are called "capitalists", not actually a "scalpers". Buying for one price and selling for a higher price is and has always been the American way.
Helps the Entertainment Industry:
Ticket resale may capture revenue that the initial seller could have made, it is only doing so because the initial seller decided to price below market value. For example, if an artist sells tickets to an event for $100 and those tickets sell for $150 in the resale market, the artist still makes the $100 they decided to charge. If they wanted to make the full $150, they could have charged that much for it initially. So the ticket resale market is not taking money away from the artist, it is merely capturing revenue that the artist elected not to pursue in the first place.
Reselling the tickets will intensify the revenue for the sellers. First, having the ability to resell make more demand when tickets initially go on sale because buyers know that they can recoup the cost of their tickets if they cannot make the event. This is especially important because often the tickets are first sold months in advance and are typically non-returnable and non-refundable. To put this into further view, just envisage how much less you would pay for a new car if you were told you could never sell the car sometime in the future.
Second, the ticket resale market helps to foregather big crowd for each event. Even when a concert or sporting event is sold out, 5-10 percent of the people don't show up. When a robust ticket resale market exists, it gives other fans the opportunity to attend, meaning more fan energy and higher sales of merchandise, beverages, food and parking at the venue.
Good for Fans:
Ticket resale offers more flexibility to the fans. In professional sports, the Ticket resale market letting the fans to buy affordable season tickets. Even the most die hard fans can't make it to all 41 NBA or NHL home games or all 81 MLB games. Instead of emaciating a ticket, season ticket holders can recoup some of their costs by selling their tickets on the resale market. Ticket resale market gives an opportunity for many more fans to attend an event. For most of the expected events, if you're not lucky enough to know someone, hit the initial ticket sale at the right time, or hold season tickets, you are not going to go to the event; unless, of course, you find a ticket on the resale market.
During my childhood days, I could never able to be a spectator of the Bears game since my family didn't know any season ticket holders. But now, I can due to the resale market. We hope now you can observe how the die- hard fans are benefit the most through ticket resale.
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