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The minimum bid was US$3 million and the sale closed January 16, 2003. [2] The city of Carlotta, California was up for auction on eBay in February 2003. [3] In September 2004, the Indiana Firebirds arena football team was auctioned off, first in a regular auction that failed to reach the reserve price, [4] and again as a "Buy it Now" item for ...
Ticket resale is common in both sporting and musical events. Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets).
The token did not always change with the fare: in 1972, when the fare increased from 30 to 35 cents, the MTA simply raised the prices of existing tokens [58] (although a change in token size had been mulled [103]). Another fare rise in 1980, which brought the fare from 50 to 60 cents, did result in the issuance of a 1mm smaller token (now 22mm ...