Market Features

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Tips for Buying Event Tickets Online

06/30/08 - 06:04 PM EDT

AXP MA V

Lauren Tara LaCapra

Your wedding anniversary is coming up and your wife is dying to see Clay Aiken in Spamalot. Unfortunately, tickets are sold out on that special night.

The Yanks and the Mets are tied in the Subway Series, and you must go to the final game. The only seats left are nosebleed.

Madonna's going on tour?! Ticketmaster.com is flooded with fans, and all three shows sell out in less than five minutes.

Many consumers facing these dilemmas have flocked to Web sites like StubHub , TicketsNow, RazorGator, TicketLiquidator and TicketExchange, where fans and professional brokers resell excess tickets. Forrester Research projects that the $2.6 billion online business will nearly double by 2012.

However, the opportunity can come with a hefty cost -- sometimes hundreds or thousands of dollars more than the original face value of the tickets.

"It can be a tricky game," says Tod Marks, senior editor at Consumer Reports. "If you don't know what to expect it can leave you feeling ripped off."

Consumer Reports, which is published by the nonprofit Consumers Union, tested the sites to figure out how to score the best prices. The strategy involves a game of waiting for the right moment while gauging demand.

Just a week before a Yankees-Indians game, Consumer Reports found first-row seats behind home plate for $22 less than face value. But, at the time, the Yankees were in a slump.

On the other hand, a Santana concert ticket would have cost $232 -- more than twice the initial face value -- three weeks before the May 20 show at the Filmore in San Francisco. Those who waited in line at the box office a half-hour before the event got a much sweeter deal: $92 per ticket, just $2.50 more than the original value.

Previous «
1 2 3

Headlines & Perspectives

Market Features

Go To Section Home


06/29/08
Are You a Bull or a Bear? Vote in Our Poll

Where do you think the market is headed Monday?


06/29/08
Weekend Reading: Feel the Pain

Those who won't admit the depths of the market's problems are probably trying to sell something.


06/28/08
Coming Week: End the Quarter ... Please

As the markets limp toward the July Fourth holiday, a lot of people may be moving to the sidelines.


08/05/08
Three Internet Stocks That Could Double

These forgotten Internet stocks are being accumulated by hedge funds.


08/15/08
The Five Dumbest Things on Wall Street

Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...


08/15/08
McCain Fund-Raising Picks Up

The GOP presidential candidate raised $27 million in July.


08/15/08
Cash-Back Cards Aren't Money in the Bank

Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!