Are you curious about how resell ticket prices can end up being higher than their face value?
It’s a common question among event-goers and fans who are often surprised by the steep prices of resold tickets.
In this article, we’ll explore the factors that contribute to this phenomenon and help you understand why resell ticket prices can soar above their original cost.
Can you resell tickets for more than face value?
Resell ticket prices can be above face value due to a variety of factors.
The price of resale tickets is often determined by market demand rather than the original price set by the event organizer or venue.
When an event is in high demand and the number of tickets available is limited, resellers may charge prices above face value to reflect what buyers are willing to pay.
Factors such as the popularity of the event, the performance or team involved, the scarcity of tickets, and the location of the seats can all influence the resale price.
How are resell ticket prices above face value possible?
Ticket resale is a market driven by supply and demand.
Tickets are bought from licensed sellers and then sold for a price determined by the individual or company in possession of the tickets.
If the demand for an event is high and tickets are scarce, resellers can charge more than the face value.
This practice is common for popular concerts, sporting events, and other live entertainment events where the demand for tickets exceeds the supply.
Can you sell tickets for more than face value on Ticketmaster?
Ticketmaster does provide a means for fans to sell their tickets to others, often through a service known as the “Face Value Ticket Exchange.”
This platform is intended for fans who wish to sell their tickets at the price they originally paid, also known as the face value.
The goal of this service is to create a fair opportunity for fans to sell their tickets if they cannot attend the event, and for other fans to buy them without having to pay a premium over the original cost.
This service helps to combat the issue of ticket scalping where prices can be significantly marked up.
However, it’s important to note that the Face Value Exchange is a specific feature and does not encompass all ticket resales on Ticketmaster.
In general, Ticketmaster does allow the resale of tickets on their platform, and these tickets can sometimes be listed for more than their original face value, depending on the seller’s discretion and market demand.
The prices of these resale tickets are influenced by various factors, including the event’s popularity, the scarcity of tickets, and the location of the seats.
Ticketmaster’s resale market operates under the principles of supply and demand, which means that tickets to high-demand events may be listed at prices that exceed their face value.
When tickets are offered for resale on Ticketmaster’s marketplace, the price can be set by the seller, which may include a markup.
This is a common practice on many ticket resale platforms where sellers aim to earn a profit from the sale of their tickets.
As a result, resale ticket prices may vary greatly and can be higher or lower than the original face value, depending on the event’s demand and other market factors.
How To Sell Tickets for More than Face Value on Ticketmaster?
To do so, you can use their resale platform, which allows fans to sell their tickets at any price they choose. Here’s how to sell your tickets:
Step 1: Sign in to your Ticketmaster account and go to “Your Account.”
Step 2: Click on “My Tickets” and select “See Details” next to your event.
Step 3: Click the “Sell” button and choose the ticket(s) you want to sell.
Step 4: Set your price for the tickets and enter a payout method.
Step 5: Review your listing and complete the process.
Please note that reselling tickets at inflated prices may be considered unethical and could lead to accusations of scalping, which is the practice of buying tickets to resell them at a higher price.
It’s essential to be aware of the legal and moral implications of reselling tickets above their face value.
Can you sell tickets on StubHub for more than face value?
Yes, on StubHub, you can sell tickets for more than face value. StubHub is a secondary marketplace for ticket resale, and sellers are free to list their tickets at a price point of their choosing.
This means that if there is high demand for an event, sellers may price their tickets above the face value in hopes of making a profit or recouping costs associated with obtaining the tickets.
The actual sale price will ultimately depend on what buyers are willing to pay.
How To Sell Tickets on StubHub for More than Face Value?
Step 1: Log in to your StubHub account or create a new one if you don’t have one already.
Step 2: Select “Sell” from the home page or an event page. You will be required to list the face value of your ticket.
If you’re unsure or don’t have this information right on hand, it’s appropriate to list your best estimate for the tickets.
Step 3: StubHub is equipped to sell multiple different ticket types, including traditional paper tickets, mobile tickets, mobile transfer screenshots, transfer tickets, PDF tickets, and virtual tickets.
Step 4: You can price your tickets however you’d like, but remember to obey applicable ticket resale laws.
If you’re selling tickets on stubhub.ca for an event in Ontario, you must disclose the ticket’s face value when listing.
Step 5: StubHub charges a fee for using their ticketing system. When selling tickets, approximately 15% will be deducted from the final selling price.
Step 6: StubHub’s website allows you to see the sold inventory prices, which can be helpful when gauging an appropriate price.
