Question about auctioning off high demand items

captZEEbo · #1 06-14-2007, 06:50 PM

Why don't more businesses auction off their high demand items. I can think of two obvious examples where auctioning makes sense in my mind, but I wonder if I'm overlooking something.

new gaming consoles near opening day
tickets for sporting events, concerts, etc.

I'm sure there's more.

jman3232 · #2 06-15-2007, 01:23 AM

they sell like a million consoles, that kinda seems like a hassel to organize.

Basically, for sporting events they are auctioning them off by gouging the prices way up.

BDaws · #3 06-15-2007, 06:17 AM

Ya, when the XBox360 came out, there was way higher demand than supply and there were going to be shortages anyway. Why didn't Microsoft charge in the 550-600 dollar range when it was going for much higher than that online?

*** · #4 06-15-2007, 05:00 PM

[ QUOTE ]
tickets for sporting events, concerts, etc.

[/ QUOTE ]
Ticketmaster does this, usually for first 3-8 floor rows of a big concert, depending on the venue. Prices tend to range from 2.5x-1.5x the highest regular printed ticket price as you move back. That figure is just based on my experience looking at tickets - I don't know if it holds true for all auctions but I'd guess it's something like that.