The secondary ticket market is good for fans and the entertainment industry, in part because it provides access and value, according to a new essay written by StubHub President Chris Tsakalakis. In a passionate defense of the ticket resale, published today, July 12, by The Huffington Post, Tsakalakis argues that “true fans,” should not only be judged by who is willing to stand in line for hours or days for a ticket, but also by who is willing to pay more than face value for a ticket. He also makes the case that the secondary ticket market is real capitalism at its finest. “In the US, where we have a market based on capitalism and free trade, supply and demand determine price and those who make a profit reselling services or goods are called capitalists, not scalpers,” Tsakalakis wrote. “Buying for one price and selling for a higher price is and has always been the American way.”
