Why Am I Paying Over Face Value for Tickets to Concerts, Sports and Live Theatre?

These types of tickets are refered to as Premium Seats", "After Market Tickets" and "Tickets Sold Above Face Value"?

(PRWEB) December 4, 2004 -- Brokers determine the sales price for a ticket based on several factors, the most important being the cost and difficulty of obtaining the ticket and the established market value for similar tickets. After the initial pricing, price fluctuations often occur based on supply and demand.

Many people are shocked to find that the face value of the tickets they ordered is much lower than the price they paid. It is important to keep in mind that we live in a free market society, and all goods and services you purchase are priced so that the seller will make a profit. As an example, many people would happily pay $10 for a souvenir t-shirt, while the initial product cost to the vendor may be a small fraction of the sale price. Because the "face value" of the shirt is not displayed, the market price of $10 is understood to be fair. The customer may or may not realize the variety of peripheral expenses to the vendor but is satisfied to buy a desired product at a mutually agreed upon price. In the case of t-shirts, like many other consumer products, may be 5 or 10 times the original acquisition cost to the vendor. With tickets, however, the mark-up is usually significantly smaller since ticket brokers purchase the tickets they sell at prices above face value.

Premium Seats", "After Market Tickets" and "Tickets Sold Above Face Value" are tickets that we may have contracted for in advance of the general on sale to the public, season tickets we own or tickets that have been purchased by our authorized buyers on the assumption that the event will sell out or for events that are not sold out, that clients will want to purchase better seats than the box office may be offering. Premium Seats", "After Market Tickets" and "Tickets Sold Above Face Value" can be as low as face value (price printed on the ticket) plus a small service up to as much as Ten (10) times face value plus delivery and any local or state taxes that may apply.

Generally Premium Seats", "After Market Tickets" and "Tickets Sold Above Face Value" are seats down front at concerts, theatre or performing arts events, seats close to the action at sporting events or may be tickets that are hard to get for events that are sold out.

This article was written by David Boitano CEO of ticketfinder.com. He can be reached at 650-757-3514 or at http://www.ticketfinder.com

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