Tuesday, November 27, 2007

Ticket Scalping: Hannah Montana


Responding to what he calls ''obscenely high prices'' for concert tickets, a state lawmaker from Miami Beach wants to crack down on people who scoop up tickets and resell them at hundreds of dollars more than face value....

''A lot of people who wanted to go to the concert would have obtained tickets instead of most of them going to scalpers and resellers,'' said Gelber, who said he was unable to buy tickets to the Montana show because he was unwilling to pay the inflated prices....

Last year, state lawmakers repealed Florida's anti-scalping law that prevented anyone from reselling a concert ticket for more than $1 above the face value. The Legislature overwhelmingly approved the proposal...

Gelber's bill would not bring back the anti-scalping law, but it would make it a crime to use ''ticket purchasing software'' to obtain tickets from a website. The legislation would also require companies that resell tickets to register with the state and post a $50,000 bond. Those who break the law could be fined three times the amount of the scalped ticket....

read the article

Supply and Demand can't be repealed.

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