Swifties Snub Profits: Fans Refuse to Sell on Secondary Market, Driving Ticket Prices Sky-High
Taylor Swift concluded the European leg of her Eras tour at London's Wembley Stadium, leaving many fans disappointed due to the failure of the secondary ticket market. The high demand for tickets, combined with psychological biases, led to soaring prices, often over $1,000, as fans were reluctant to sell their tickets despite the potential profit. This reflects broader market behaviors, where people value what they already own more highly.
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00:00It's Benzinga, and here's what's on the block.
00:02Taylor Swift concluded the European leg of her Eros tour at London's Wembley Stadium,
00:07leaving many fans disappointed due to the failure of the secondary ticket market.
00:11The high demand for tickets, combined with the psychological biases, led to soaring prices,
00:15often over $1,000, as fans were reluctant to sell their tickets, despite the potential
00:20profit.
00:21This reflects broader market behaviors, where people value what they already own more highly.
00:25For all things money, visit Benzinga.com.