28 replies to this topic

[DtheBUK]

An item is worth what people are willing to pay for it.

[jump]

DtheBUK, on 23 August 2011 - 01:45 PM, said:

An item is worth what people are willing to pay for it.

Again a standard accounting practice is the lowest value a item is worth, if you kept books like that saying it's worth what people are willing to pay for it you'd be be shut down. This is of course ignoring how it's unethical to charge fans more than face value for a ticket someone doesn't want.

[DtheBUK]

Like i said. If people are are willing to pay x amount money for an item thats what the item is worth.





Why do you think that standard accounting practice is the lowest value an item is worth?
Are you an accountant?


And what is you opinion on this

"What if I a bought a car and then three years later is double'd in price. Would I be taking advantage or extorting for selling it at what it at the new price?


On that basis should I go and moan at every AE86 owner selling their car and tell them that they're extorting me and taking advantage? I'm a fan after all"





I'd like to mention that I'm not arguing through spite, (ive already sold the ticket) I'm actually quite interested in this discussion, these are genuine questions and im not trying to be witty

[jump]

DtheBUK, on 23 August 2011 - 02:36 PM, said:

Like i said. If people are are willing to pay x amount money for an item thats what the item is worth.





Why do you think that standard accounting practice is the lowest value an item is worth?
Are you an accountant?


And what is you opinion on this

"What if I a bought a car and then three years later is double'd in price. Would I be taking advantage or extorting for selling it at what it at the new price?


On that basis should I go and moan at every AE86 owner selling their car and tell them that they're extorting me and taking advantage? I'm a fan after all"





I'd like to mention that I'm not arguing through spite, (ive already sold the ticket) I'm actually quite interested in this discussion, these are genuine questions and im not trying to be witty

No I'm not an accoutant but I'm not a chef either but I know how to cook. It was introduced as people use to start companies and make it's value increase via creative accoutaning with tricks like making stock more than it's worth and when it was sold it'd be worth shit so now stock has to be measured that way which is how tixs are treated by touts, stock.

I think you're crazy if you think a 2nd hand car will double in value in 3 years time.

[DtheBUK]

A substantial amount of people were willing to pay £100 on top of the face value for a ticket. Therefore the ticket is worth more than the face value at that time. If these people were not willing to pay that money, it would not be worth that.

This year the tickets are worth a lot less money as no one is willing to pay more than face value for them. They are definitely not worth face value.


just because the organisers decide to sell tickets for £190 doesn't mean that's what they are worth





As for a car not doubling in value in 3 years, thats besides the point the idea is still the same.

If you buy an item for so much and then three years later people are willing to pay twice the price for that item, is it wrong to let someone pay you twice the price you paid for it?

[jump]

DtheBUK, on 23 August 2011 - 03:52 PM, said:

A substantial amount of people were willing to pay £100 on top of the face value for a ticket. Therefore the ticket is worth more than the face value at that time. If these people were not willing to pay that money, it would not be worth that.

This year the tickets are worth a lot less money as no one is willing to pay more than face value for them. They are definitely not worth face value.


just because the organisers decide to sell tickets for £190 doesn't mean that's what they are worth





As for a car not doubling in value in 3 years, thats besides the point the idea is still the same.

If you buy an item for so much and then three years later people are willing to pay twice the price for that item, is it wrong to let someone pay you twice the price you paid for it?

Regardless of the specific worth (which is going no where) it's the touting of the tickets that make the tickets sell for me, forcing fans to pay more and depriving other fans of the opportunity to see whoever. When you start selling tickets for profit you stop being a "fan" you become a tout but if tickets aren't worth face value this year then (rhetoricaly) why has the real ticket agents keep selling tickets with Leeds Weekend tixs now sold out?


How is it the same idea? It's nonsense as it's a well known that cars lose value when they become 2nd hand (why the f**k do I have to even explain that?) unlike tickets that can be sold for more if sold out and therefore can extort people.

Edited by jump, 23 August 2011 - 04:39 PM.

[DtheBUK]

Actually

You've changed my mind on this.


Touting is a great idea. Buy something for a bit of money. wait for a month. Sell it for a lot more money.

If someones willing to pay me for it then Im going to take it. If they want a ticket for cheap they can buy them before they sell out. After all they did know that this was going to happen





Thanks for helping me realise that. I think i may start touting tickets


as for the car stuff. The ae86 has actually increased in value over the last decade due to popularity. But thats besides the point. Why should someone be punished for buying something when its cheap and selling it when its not so cheap.

[jump]

DtheBUK, on 23 August 2011 - 05:15 PM, said:

Actually

You've changed my mind on this.


Touting is a great idea. Buy something for a bit of money. wait for a month. Sell it for a lot more money.

If someones willing to pay me for it then Im going to take it. If they want a ticket for cheap they can buy them before they sell out. After all they did know that this was going to happen





Thanks for helping me realise that. I think i may start touting tickets



as for the car stuff. The ae86 has actually increased in value over the last decade due to popularity. But thats besides the point. Why should someone be punished for buying something when its cheap and selling it when its not so cheap.

Changed your mind & start touting tickets? You have already been touting tixs hence why you've been getting stroppy and been trying to justify it to me.

[Jimmyjimmy69007]

This has been an interesting discussion, as someone who has sold tickets for things for profit and for loss. I am not a tout, but I am an organiser, I know full well that people pull out of stuff, I for example had to pull out of Mainsquare festival this year sold my tickets for £100, they were worth £300, I had emailed the festival organisers explaining that for health reasons we could not attend and asked if there was any ticket exchange or refund policy (they never replied). I don't like touts, I am not a tout, but if situations change its better to not lose all of your money. With that in mind if anyone knows of any Sunday tickets going for about the £50 mark, I'm all ears.