Taylor Swift fans may fall victim to a scam if they are not careful when looking for cheap concert tickets.
The pop star's upcoming "The Eras Tour" has been canceled byTicketmaster. Due to high demands on ticketing systems and insufficient remaining ticket inventory, tomorrow's public on-sale for Taylor Swift has been canceled.
The general public was supposed to be able to buy tickets on Friday. There is an hour and a half later.
Fans were able to get Taylor Swift tickets via a pre-sale offer, but those tickets are no longer available.
Egg prices are going up, but chicken prices are going down if you lose your job.
Absent more tickets becoming available to the general public later, fans may think it's necessary to go to the secondary market to get a seat. Experts said that the market may be full of mines.
Chris Cobb, owner of historic rock club Exit/In in Nashville, said that it is easy to make a mistake if you are in a hurry.
The artist's fans flooded the internet this week to buy pre-sale tickets for "Eras."
Hours-long wait times to buy tickets were caused by the flooding. The chaos led to calls for investigations into the ticket seller's practices.
The demand on Tuesday was historic. The tour sold more than two million tickets on a single day.
Deals for hot tickets, you’re virtually not going to find one.
The tickets went on the resale market to the tune of $10,000 or more. The prices are not what fans are paying for a seat.
Desperate fans may be excited to find a good deal amid all the frenzy. It is possible that it is a fraud.
Andrew Farwell, vice president of Outback Presents, an independent concert promoter based in Nashville, said that deals for hot tickets are hard to come by. Capitalism is at its best, supply and demand.
This is the ultimate dream and nightmare at the same time.
Some Taylor Swift fans have found out they were deceived.
Buying tickets on the secondary market can pose a risk of fraud and high prices for consumers.
The Taylor Swift tour is sold byTicketmaster. An event ticket that appears on a primary seller's site is one that is being sold for the first time and at a face value.
Secondary sellers often buy up tickets from primary sellers in bulk, and then resell them at a higher price, a practice known as ticket "tampering"
The number of secondary sellers is so high that you can't keep up.
There has been a rise in fraudulent, unethical and illegal activities in the secondary market. According to the firm, the global secondary market share will rise to $2.2 billion, representing a growth rate of 8% a year, and 42% of the revenue growth will come from the US.
Secondary sellers aren't grifters in all circumstances Experts said it became a buyer beware market.
There were a number of sold-out shows recently at Exit/In. They purchased fake tickets.
If you sell multiples of the same ticket, only the first one will work at the door. In some cases, a reselling company may be selling you tickets that they don't have possession of.
It's easy to see why consumers get confused, as the results for "Taylor Swift concert tickets" brought up ads for StubHub and Vivid Seats, both secondary sellers. It's not clear how to distinguish the two groups.
Consumers want to know if they made an error before buying.
If you click through from the artist's website, you will be able to buy tickets. You can go to the primary seller's page if you do that.
One last check to make sure you are buying from ticketmaster.com and not ticketfaster.com is required before buying.
There is a chance that a show may be sold out or face value tickets may be more expensive than expected.
Tim Gray, CEO of Grayscale Marketing and vice president of marketing for Romeo Entertainment Group, a talent buyer and concert promoter, said that fans who want to see a show but can't because there are no tickets are at risk of paying too much.
Gray thinks that social media is a landmine for fans. He has seen a lot of fraudulent activity on Facebook and other platforms.
If a bot is posing as someone you know, it might lure you to click on a fake link for a livestream to a sold-out concert or tell you they can no longer use event tickets. These are attempts to steal your personal information.
If you’re in a hurry trying to get your tickets — which of course you’re going to be because of the demand — it’s really easy to make a quick mistake.
He encourages fans who buy tickets this way to click on the social-media profile in question and look for potential red flags, such as very few prior posts, which may indicate the account was just created. Fans can use a search on the internet to find out if other people have been victims of a scam.
It is likely that even legitimate Taylor Swift tickets bought on the secondary market will see prices fall after the initial rush of demand filters out.
A broker is fishing to find something. Once all of this false demand is gone, there will be a correction.
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