Bailout

Felix TV: The peculiar economics of event ticketing

By Felix Salmon

Remember the weirdness surrounding LCD Soundsystem tickets? Well, it applies to sporting events too, as this video explains. Shortly after it was made, Jim Ledbetter sold his Knicks tickets for $500 each, which allowed him to net a pleasant profit on their $110 face value and still see the game from a cheaper section.

Full post as published by Macroprudential on March 17, 2011 (boomark / email).