Now you have increased profits short term and increased risks. And only rich fans can attend. This works for some stars and against other star'a brand.
A popular answer is requiring the purchaser to show id to get in with obvious drawbacks.
Rising prices would lose the cool fans and make the followers who can afford less likely to want to go.
No, that's what the promoter should do.
> Now you have increased profits short term and increased risks. And only rich fans can attend. This works for some stars and against other star'a brand.
No, it's doesn't have to be this way. Price could start at $1000, but the minimum could be as low as $50.
Yes, the rich fans would get their tickets first, but after the first 50% tickets are sold, all the remaining tickets could cost $50.
This way, at least theoretically, all the rich fans would get their tickets directly, and the resellers would go out of business.
What makes you think there would be any remaining tickets? I mean I don’t see how this system could increase the availability, it would only allow the event organizers to get all the surplus that goes to the resellers now. Also having a fair and transparent system would likely only increase the number of bidders driving up the price even more.
Again, there could be a rule, that after the first 30-50% tickets are sold, all the remaining tickets are sold at the base price (let's say, $50).
It's just a trick to force resellers out of business: because there is a limited number of people who can afford to buy tickets at heavily inflated prices.