Reading Fest Weekend Ticket for sale

[jump]

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?

Edited August 23, 2011 by jump

[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]

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.

[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.