Wednesday, October 24, 2007

Rockies Rebound After Virtual Pummeling - Bits - Technology - New York Times Blog

Sign of the times...

The other lesson is how the forces of supply and demand are made far stronger and spread around the world by the Internet. The resale value of World Series tickets is near $1,000 for the least expensive tickets, and more than $5,000 for choice seats. That creates real incentives for people to get into the system, whatever the means – and wherever they are located.

Major League Baseball teams, which once frowned on scalping, now are active participants in a secondary market through sites like Stubhub. It’s a market that is driving at least some of the millions of hits that cost the Rockies the first loss of the World Series [i.e., overwhelmed their web site].

Rockies Rebound After Virtual Pummeling - Bits - Technology - New York Times Blog

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