Word: ebay
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Dates: during 2000-2009
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...unused ducats on the dresser is like dropping $100 bills in a taxicab. If you can't get to the game, the only real choices are to give them to friends, haggle with rapacious brokers, join the scalpers out in front of the arena or put the seats on eBay, where you could still get hung out to dry. It's the same raw deal for those hoping to buy seats to sold-out events--find a seller by happenstance or overpay the brokers and scalpers. And the teams never get a share of the increased value...
...great deal of time and energy wasted," says Princeton University economist Alan Krueger, who has studied ticket prices. But an upstart business, StubHub.com which was launched near the end of the Internet boom, may yet succeed in changing this landscape. The site is a NASDAQ for tickets, and unlike eBay, StubHub guarantees the transaction and thus a seat. Its home page directs you to concerts, sports or theater events, and after its program crunches the credit-card numbers and finalizes a trade, the ticket seller receives an air bill with the buyer's address. StubHub tracks the package, and once...
Sources: New York Times; Ames Tribune; eBay; Reuters; USA Today
...Amount netted in an eBay auction of Iowa caucus memorabilia...
...season alone--is not redeemed. Why? Some people just don't get around to it. But Cameron Johnson, CEO of a new website called certificateswap.com is betting that in many cases the reason is that the shoe--or, rather, the shop--doesn't fit the wearer. Loosely modeled on eBay, a number of websites, including certificateswap.com and swapagift.com have sprung up to capitalize on that fact. Gift-card holders can post their certificates at a small discount and sell them to the highest bidder. Consumers ship directly to each other. The newness of these sites may mean that it takes...