User:PhilHarding37/Secondary tickets

Secondary tickets is the term for tickets sold in the secondary ticket marketplace. The Secondary ticket market is worth an estimated $10 billion worldwide. An important distinction from other ticketed products, such as airline travel, is that event tickets are usually transferable, which is necessary for a legitimate secondary ticket industry. Secondary tickets exists beacause the demand for tickets at face value is far greater than the supply of these tickets. Brokers who buy tickets with the intention of selling them as secondary tickets create an open market where the value of the tickets is more closely determined by the demand for them. Stanford secondary ticket market analysis 2008 Tickets sold in the primary market is called primary tickets.