Rugby Sevens
Damn. The Sevens tickets sold out in 10 minutes.
If at any stage someone has tickets they can not use, feel free to e-mail me. Looking for two or four tickets. I won’t pay scalper prices but I will pay a reasonable price.
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Tags: rugby, Wellington Sevens
September 18th, 2008 at 8:22 am
You could always buy the tickets off scalpers. Oh wait.
September 18th, 2008 at 8:45 am
Me too.
But there were only 3000 or so on sale. The rest hawent to sponsors, rugby clubs and ‘special attendee regulars’ last week. My eldest lad got six of them – but forgot I wanted some too after passing on the overpriced season tickets this year!
Damn.
September 18th, 2008 at 9:42 am
My friend bought some last year, 2 days before, at face value on Trademe. I read on stuff that trademe weren’t going to allow them to be sold on though this year?
September 18th, 2008 at 10:55 am
Dont hate the scalpers.
The scalpers price is the market price if it clears the market. It is about time people realised that it is the ticket sellers who are responsible for the perception of extortion from the scalpers. If they sold at the right damn price or had named tickets or put in place any one of a number of solutions, the scalpers wouldnt be around.
The scalpers are actually providing a community service. How much you are willing to pay for something relates to how much you want it. Sure there are income impacts as well, but if the ticket sellers actually gave a crap about that they could do something about it.
September 18th, 2008 at 11:02 am
The question is: If someone buys tickets knowing they are going to sell them on trade me for a profit, are they going to declare the income to the IRD as required by law?
September 18th, 2008 at 12:35 pm
I have a lime green ‘Borat’ man-kini available, if any sevens-goers want to fit in with the crowd…
September 18th, 2008 at 12:39 pm
PS: yes, DO hate the scalpers!
NZRFU/IRB sell tickets at a price that sustains their operations, i.e. providing top level rugby for you to enjoy. Scalpers use the demand that exists to extort much higher prices than this out of desperate fans, adding nothing to the value of anyone’s experience but creaming a nice little profit for their troubles. Bastards.
(Disclaimer: I give not a f*** about rugby in any form, so have no personal gripe with the scalpers!)
September 18th, 2008 at 2:15 pm
The problem with your argument though Kimble, not that I completely disagree with it, is that the scalpers are often creating excess demand by buying up lots of the tickets in the first place! In saying that, I would be interested in finding out the number of tickets that get scalped as a percentage of the tickets available to the public as that information would quickly identify if my argument has any merit.
September 18th, 2008 at 4:10 pm
“NZRFU/IRB sell tickets at a price that sustains their operations, i.e. providing top level rugby for you to enjoy. Scalpers use the demand that exists to extort much higher prices than this out of desperate fans, adding nothing to the value of anyone’s experience but creaming a nice little profit for their troubles.”
The NZRFU sells the tickets at a price that will make them the most money and reduce the uncertainty of the revenue. Nobody would disagree that they COULD sell them for much more. What the NZRFU is doing is swapping the excess profit that could be made on the tickets for the surety of the revenue stream.
The scalpers are taking on the risk of not selling the tickets by selling them at a higher price. The reason they are willing to do this is that they think the price that the NZRFU put on the risk avoidance is way too high. This means the scalpers can sell the risk avoidance to the NZRFU for a huge price and take on the low amount of relative risk.
The NZRFU is leaving a lot of money on the table. People who are buying tickets to consume are benefitting from that money. Scalpers are simply picking up what is left over. The NZRFU is giving people such a huge and easy profit making opportunity, they would be crazy to pass it up.
“scalpers are often creating excess demand by buying up lots of the tickets in the first place!”
No. Excess demand existed before the scalpers got involved. It is what happens when you sell something for a very low price, lots of people are willing to buy it. When the price goes up, fewer people demand the tickets.
If the price started at the proper market price, there wouldnt be any excess demand; there wouldnt be a shortage. The fact that there is still excess demand even at scalpers prices would prove that even the scalpers arent selling at the market price.