"New York is poised this week to become the latest state to ease or eliminate decades-old restrictions on scalping.
For the first time, it would become entirely legal in the state for average fans to scalp their seats on the Internet. And, for better or worse, they could sell those tickets at what ever price the market is willing to bear.
The state assembly approved the changes Tuesday. The Senate is expected to follow suit, and Gov. Eliot Spitzer could sign the measure by Friday, when the state’s old anti-scalping law expires.
Some old regulations would stay in place. Scalpers would still be banned from selling tickets within 1,500 feet of large arenas, like Madison Square Garden and Yankee Stadium, and within 500 feet of smaller venues."
So is this bad for consumers? Will this encourage scalpers and ticket brokers to hoard even more tickets making it harder to find a reasonably priced ticket to the game? Or will the market simply dictate the prices as they do now?
Or will the market simply dictate the prices as they do now?
I think this is exactly what has happened which is why these laws are being scrapped everywhere. I sell tickets (sometimes at a premium) and buy tickets (sometimes at a premium) on the internet and I think that the way scalping has evolved has made it safer for the consumer and a fairer financial environment. I know some fans are upset that they have to pay a huge premium for tickets for major events like the playoffs but for every dollar I've made on my good tickets, I've lost that dollar on useless exhibition games I am required to purchase or Tuesday night games against Washington or Florida.
given the insane prices of tickets on ebay and stubhub for playoffs or special events like messier night i'm not really sure how this will change anything. basically they weren't enforcing the laws before so they are just gonna get rid of them.