Apr 24, 2012, 9:40 AM EDT
This is only a problem for a business that is used to having an anti-trust exemption: The New York Post reports that the Yankees are not pleased with StubHub — a partner of Major League Baseball — because Yankees tickets are for sale at very, very low prices:
. . . for the past few years, the cheapest unwanted Yankee tickets have been reselling on StubHub at just a few dollars apiece, and sources say the team isn’t happy.
For instance, right now there are 7,184 tickets listed on StubHub for next Monday night’s game against the Baltimore Orioles, with prices starting at just $3 — less than the price of a beer. If fans went to the Stadium box office or to Yankees.com, the team’s official site, those seats would cost $15.20 apiece.
The reporter, John Cruedle, says that the Yankees, the Angels and some other clubs “would like StubHub to place a floor on ticket prices offered for sale on their site.”
Because, apparently, the Yankees believe that people wouldn’t sell their tickets for more on StubHub if they could? Or am I just missing something about how markets are supposed to work?
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