An article in the Observer at the weekend describes how investing in tickets to see major bands is more lucrative than buying shares in the publicly listed companies. Tixdaq, a research company that monitors the 'secondary ticketing' market, has set up an index tracking the 100 best-selling tickets for sale on eBay. The avearge value of resold tickets (over the last three months) was 117 percent more than their face value. Over the same period, the FTSE 100 rose by just 6 percent.
There has been a lot of negative coverage about ticket touts in the British music media over the past year, but what makes tickets to see major bands any less fit for speculation than say - shares in a tech company, or ounces of 24 carat gold? One possible bone for contention is that the secondary market for concert tickets is untaxed, and so no revenue from speculation ends up with the government. With the relevant data on eBay being compiled by Tixdaq, maybe that will soon change?
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