Every discussion about Ticketmaster and/or scalpers is full of people who think if it wasn't for scalpers and ticketmaster, we could all go to every concert we want to for a reasonable price.
It is the same thing with the tech community and the price of hard drives, RAM, and GPUs right now. I have seen so many comments by people saying they "aren't going to support the price gouging" and seem to think manufacturers are just taking advantage of the hype to increase their prices.
Of course DRAM manufacturers are taking advantage of the current situation, they're companies and making money is what companies are for. The problem is that DRAM manufacturing works in boom-bust cycles, building a new factory is capital intensive and slow, so additional supply will come too few and too late to press prices down to a sensible rate above manufacturing costs.
But since it’s a global market the missing supply raises prices everywhere…
Each show has a set number of seats... it isn't an artificial monopoly, it is an intrinsic monopoly. People don't want to just go to A concert, they want to go to a SPECIFIC concert, and a concert venue only holds a set amount of people.
I'd be extremely surprised if they didn't do that.
EDIT: I see others here mention 2 max. Haven't heard that before, but that makes more sense to me.
Is it really? I go to my "local" second-hand marketplace and I see countless of listings for the new Valve Controller. I think it's fair to say most of those aren't "Ops, I made a purchase and I can't return it" but most likely being scalpers. No doubt, some of them are fake as well, but regardless, tends to be fairly easy to see when things are being scalped or if it's actually just high demand, if it's the latter, you don't see tons of second-hand listings the day after it opened.
But you do? If someone puts it up on second-hand markets, they're not intending to keep it, they're intending to resell it, why put it up otherwise?
Scalpers have no effect on the supply of a product, they only affect the demand of the product and specifically they reduce the demand for the product by increasing the price.
Me, I don't think so. I just think people really wanted to get one.
There was a limit of 2 steam controllers for this sale, but it sounds like that limit was only per transaction, and didn't prevent an account from placing multiple transactions (if the store would load for long enough to allow it). I don't think any of the other limitations were in place.