The Summer Concert Festival Circuit, For Free or Profit

Posted on July 09, 2007 by Him and tagged festivals, fun, music

Last year, we gleefully paid about $500 for tickets to three summer music festivals in Chicago. Fortunately for us, we struck early this year and purchased the early release tickets to all of the festivals, limiting our total to just about $200 for both of us.

I guess that's not totally honest. We did think ahead this year and bought extra tickets to each event, in hopes that we can sell them for at least the amount that we purchased them for. A search on Craigslist reveals that there is quite the market for tickets to the events that we have extra tickets for.

A little capitalism goes a long way for providing cheap, free, even profitable summer fun.

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MVP | Jul 9, 2007

Sorry to harp, but in your previous post about the things you did to get out of debt, among them was, "Expensive entertainment tickets limited to one summer concert per year." Sounds like you hit three summer concerts last year. Am I missing something? Also, I'm not sure I understood you correctly, but I think it might be illegal to resell event tix for more than face value.

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Him | Jul 10, 2007

Our original goal was to pay off our credit card debt by November 2007. Since we accelerated that by paying it all off last month, we went ahead and bought another set of tickets for summer festivals.

Also, resale of non-sporting event tickets for more than face value is legal in Illinois, as long as you follow their regulations.

So if we're breaking even, or even making money, our pocketbooks aren't taking hit.

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Cliff | Aug 8, 2007

A lot of legistators have realized how stupid it is to prevent resale of tickets in the open market. If you make it illegal, you will still have scalpers and the demand for the event will be the same as before. People will just be paying higher prices for the "illegal" tickets. Once they legalized reselling there is a much higher supply and people have a much better chance of getting tickets at a (higher than face value) but lower price than they would otherwise. Hey, not Her/Him's fault that people wait to buy them later. They're just thinking ahead.

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