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Did you sell any concert or event tickets on an online resale site such as StubHub or Ticketmaster in 2023? Many Americans did -- StubHub reports that 83% of ticket sellers for U.S. concerts on ...
If resellers buy the tickets and the tickets are not sold out, they risk a loss. [15] There may be individuals who wish to attend a popular event (and decide to sell their tickets later) and those that buy tickets in large quantities in order to resell their tickets for a profit. Some countries have restricted the unauthorized resale of tickets.
Many sell their extra tickets on StubHub at a profit, often tickets which are in high demand which are difficult to find. [ 68 ] [ 69 ] While concert tickets can get expensive when the demand is high, more than half of all tickets sold on StubHub go for at or below face value.
A ticket bot is a software program that automates the process of searching for and buying tickets to events on ticket vendor platforms, such as Ticketmaster. Using bots, a broker can automate the process of searching for and buying tickets so that it happens in a flash, and conduct hundreds or even thousands of transactions at the same time.
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If they set the price too high the tickets won't sell — for example, tickets for Adele's Las Vegas shows sold for an average price of $1,900, compared with the average listed price of $4,800 ...
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