The fact that TicketMaster seems to now be engaged in institutional scalping is a damn shame. Going to very few concerts or sporting events myself, I don't care that much, but such events are quintessentially "for the plebs," and to give up on trying to make even the best seats affordable to the average joe is a damn shame.
You never know though...maybe this will teach people that sometimes an economically efficient outcome isn't a "morally" efficient outcome. :)
I suspect TicketMaster will face a bit of a backlash on this. Then again, the fanatics who try to get such tickets may just be crazy enough to happily spend their entire savings outbidding each other.
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