Wednesday, 19 July 2017

Ed Sheeran takes on ticket touts and cancels 10,000 gig tickets sold by unofficial resale sites

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Fans who purchased tickets when they went on sale will have to arrive at their gig venue with the booking confirmation, a valid form of ID and the credit card used for the purchase (or a photocopy).

From Ed Sheeran takes on ticket touts and cancels 10,000 gig tickets sold by unofficial resale sites

How are the bouncers on the door at an Ed Sheeran concert supposed to tell a real Portuguese fishing licence from a fake one? And what happens if I use my credit card to buy a ticket as a present for someone?

There is a solution, of course: put the tickets on a shared ledger and then sell them on eBay so that the market clears. If Ed wants fans to have tickets for £10 instead of £100, then he can buy the £100 tickets in the auction and re-sell them himself using whatever identification and authentication system he wants. Ticket “scalping” is a natural response to a broken market.

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