Below is an excerpt from the book "1,001 Things They Won't Tell You," which was published in May 2009 and highlights popular columns from SmartMoney's long-running "10 Things" feature.
1. “We thrive on your confusion.”In recent years you might’ve noticed that the options for buying tickets to concerts, sporting events, and theater have been expanding. First there are the venue box offices and event promoters, which sell seats directly to the public. Next comes what’s called the primary market, including giants like Ticketmaster that contract with venues and promoters to sell seats at their events. Finally—and this is where things get really confusing—there’s a growing secondary market for reselling tickets, including sites like StubHub (a Craigsliststyle marketplace where people can sell tickets they’ve bought) and Onlineseats .com (which buys tickets for resale to the public).
The primary market is still the most common way to get tickets; it brought in $21 billion in 2007, versus $5 billion for the secondary market. But by 2012 the latter is expected to double its sales, according to Forrester Research. The problem is, the resellers’ market is the Wild West of ticket sales, rife with opportunity as well as scam. And most folks don’t even know there’s a difference between primary and secondary sellers, says TicketNews.com publisher Crystal Astrachan. The upshot: When buying tickets, what you don’t know can hurt you.
A good top 10 list for your wallet..
The 1st untruth with this article is that not admitting giants like Ticketmaster and Live Nation and Tickets.com are generally the box offices for most venues. It is true that a handful of venues like the Toyota Center in Houston and the Wachovia Center do operate their own box offices but they also have their own ticketing system and generally do not sell their tickets thru Ticketmaster either.
2nd The primary market prices will catch up with the secondary market. This will never happen as long as there is a limited supply of tickets. There is no way that a 13,000 in a a city with 3, 5, 7 million people will every be able to sell enough tickets to catch up with the demand. Case in point is the re...(Read more of this comment)