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.
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next