Barbra Streisand returns home to perform in Brooklyn, NY on October 11 this year. Pre-Sale tickets (available to AMEX holders) to the concert sold out in minutes. Tickets go on sale Monday, May 21 to the General Public. The attached article from CBS New York, and others like it, describe the fans' frustration with the current process for buying tickets to events and their disdain for those involved in the process e.g "money hungry scalpers" ( is taking a risk and making money a bad thing???) The article points to a set of 4 pre-sale tickets having sold for $53,000 in the secondary market The article seems to indicate that the average Barbra fan will be priced-out of the event and be unable to attend.
This is why ticket aggregation and real-time price analysis are so important and why Fricket will simplify the ticket shopping process for both ticket buyers and sellers. http://fricket.com/
A quick look at a comparable, aggregating ticket shopping site, shows the price range of tickets now available for the Barbra concert tops out at $16,500/per for those "once in a Barbra fan's lifetime, great seats, on the floor, near the stage" experience, to $165/per, for the privilege of seeing the Barbra's backside for most of the concert (is the 100x a coincidence???). The cheapest seats to view Barbra's front-side start around $500/per. The face-value of the tickets start at $90 and goes up to $650. So, yes, the person who sold the set of 4 for $53k likely made a good bit of profit. While the Barbra fan who bought those tickets can sit back and anxiously await seeing the Barbra perform from up close. (Win-Win???)
While paying $13,500 for a ticket to a concert is a lot of money, the "average fan" can still attend for much less. The secondary, or resale, ticket market gives the ticket customer the opportunity to get the tickets they want and pay as much, or as little, as they want. Ticket industry statistics show about half of all tickets sell below face value, while about 40% of tickets go unsold. A greater number of ticket transactions are occurring within 72 hours of the event, as buyers wait to take advantage of possible lower prices from disparate sellers.
Fricket will aggregate the ticket inventories of the top-rated brokers. As a buyer, you'll have access to a huge inventory, with side-by-side comparisons, and extremely competitive prices. In addition, we are working on providing the first "real-time view" of what tickets are actually being bought and sold, for how much, and through which vendor. The "Fricket Ticker" will be analogous to the scrolling stack ticker and provide a level of price transparency unavailable anywhere else. For the ticket seller, you'll be able to better estimate value of your tickets and minimize the chance of a total loss on your "deadwood", or unsold inventory.
If you are a ticket seller and would like to be a Fricket ticket partner, please contact me at:
