munkycmunkydoo wrote:This is a very sound view of the numbers and I think does show how the average scalper would have to put out and sit on a huge capital expenditure. This will keep small time scalpers out of the game. However large scale corporate Ticket Brokers that operate outlets out of every major city regularly put out capital at like numbers for Premium NFL, NBA, and MLB tickets on the first day of sales with every intent of holding them for multiple months (up to 9 in baseball, 10 for basketball) and sell close to the event date. Luxury basketball and baseball tickets also carry a similar or even greater face value than BM tix. In some cases tickets are purchased with a view of lottery chances for All star games, Super Bowl, and various other playoff tickets. Heck some ticket brokers are even publicly traded like CitySide (CIST). Firms of this scale do have the capital and patience to create a small but significant impact on the BM ticket situation next year, and with the sell out BM will be on their radar.
I fully agree scalpers will not bring the end of the world, but they will be more of a factor next year specifically with the first tier tickets. The key is for the community to act responsibly and not rush to Ticketing agencies, be patient and explore here and other avenues first. Like with long running touring bands with a strong community, that tight knit community is what best hinders the scalpers in spite of demand.
Save up the pennies, nickles, and dimes along with all the holiday gift cash and buy a ticket on the first sale day. That is my plan for 2012.
Munkycmunkydoo is very correct on his view. I live in a city that has a very ferocious scalping market. Our Hockey team has been sold out for the past 20 years plus, the Winter Olympics were held here just 18 months ago, and I saw some HUGE
investments in Ticket purchases that were Years ahead of the events. Most Of the time it wasn't Just one large company that purchased all the tickets, (there were a few of them though) It was mostly a number of small to medium sized company's that ate up all the tickets, and then together created that demand vacuum. There are Very large company's all over the world that are willing to lay out cash to profit, in fact that is what business's do.... If you said to someone, Give me a million dollars, and I'll double it in 9 months, I would say Fuck yes! who wouldn't? Is that possible to do with Burning Man tickets, with a reasonable expectation of a return, with minimal risk? who knows, I'm not going to crunch the numbers, cause I'm not in it to profit. I just enjoy a week in the desert, with a bunch of other people. But you can guarantee eventually someone will figure out a formula they can apply to BM, and they will watch the ticket situation very closely. Until it's time to act on there potential investment.
and just for the record I had tickets for 2011 (bought on opening day) Decided to sell cause Burning Man sold out.... (not really, But i like to tell that story to all the jaded old fucks)