Ticketmaster Auction Will Let Highest Bidder Set Concert Prices

“…Consumers — many of whom have complained for years about climbing ticket prices and Ticketmaster service charges — may be less eager for the next phase of Ticketmaster’s Internet evolution.


Late this year the company plans to begin auctioning the best seats to concerts through ticketmaster.com.


With no official price ceiling on such tickets, Ticketmaster will be able to compete with brokers and scalpers for the highest price a market will bear.” NY Times