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June 15, 2005

Comments

Paddy Carter

too true. there were other things he could have done, like endorsing the ebay auctions but asking the sellers to donate half their gains, for instance.

dearieme

How high does the ticket price have to be before it dominates the total cost of the outing? I mean there's the fares from Surrey to Manchester, the prawn sandwiches.....

Tom

It's not really designed to be a fundraiser - Make Poverty History is a lobbying effort aimed at governments saying "It's about government policy, not charity", so criticising Geldof on the grounds that he could have made more money isn't fair for this particular concert, even though it might well be for other charity concerts which are trying to do more than break even and maximise interest.

Jarndyce

Agree with the post. The sum total of Geldof letting off steam about the immorality of eBay is:
1. he's cost charity eBay's 5% cut of the ticket sales - if MPH didn't want it, someone would; and
2. made a lot of people feel a bit better about themselves having 'pronounced' on the immorality.

He hasn't stopped the tickets being re-sold. They will just be done down the pub, with 100% of the marked-up price rather than 95% (max) going in the tout's pocket.

On the under-pricing of footie tickets, btw: That may also be an implicit insurance premium against the game suddenly not being cool anymore. If you make the assumption that poorer fans will remain loyal no matter what (probably not bad as a generalization), then big clubs need to keep hold of some of these 'regular' people in the stands in the event the rich abandon them.

Mr. Econotarian

Why weren't all the tickets auctioned online by the organizers to maximize the return, and use money above the cost of the event for aid?

Lynne

Hi Mr. S&M (ooh!),

Shameless self-promotion ... I raked him over the coals too (www.knowledgeproblem.com/archives/001290.html), and I also blathered on about ticket pricing and auction mechanisms back in February (www.knowledgeproblem.com/archives/001113.html).

LK

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