From pros to amateurs, scalpers leave concertgoers out in the cold
From Coldplay to K-pop concerts, efforts to stamp out scalpers are far from adequate amid a post-pandemic surge in demand for live entertainment
WHEN K-pop boy band Seventeen performed in Singapore last October, Abigail (who asked to be identified only by her first name), managed to get hold of two Category 1 tickets worth S$298 each during the first round of presales.
She kept one of the tickets to the sold-out show for her friend, and resold the other for S$450 – reaping a cool 51 per cent profit with just a few clicks of the mouse. Bids for the ticket, Abigail said, reached as much as S$500.
It is not the first time she has resold tickets at a profit. Over the past few years, she has done the same for various K-pop acts such as Wanna One and NCT127, racking up profits of around S$150 to S$200 per ticket.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Opinion & Features
Why China’s electric cars are piling up at European ports
Relative measures can be absolutely wrong
Why the potential for another Donald Trump presidency is making Iran very nervous
Without a game changer, Sentosa Cove condos will continue underperforming
Iran-Israel strife throws out a lifeline to shippers
If the US economy is robust, why is the yield curve still inverted?