Silly, silly boy. Apparently this guy sold hundreds of college football tickets through auctions but priced them too low and couldn't come through. He then took off and was hanging out in a bar in Florida when he got arrested. Still think preselling is a good idea?
Read the article here.
More on preselling tickets:
The quote from this article was rather amusing. "They call it a pre-sale," he said as if pre-sale was some sort of technical jargon. What really happened is this guy took a huge gamble but did not know what he was doing.
Preselling tickets has become more and more common among independent brokers who do so either because they think it makes them a big dog or helps them out with cash flow. But in reality, without years and years of experience it is almost impossible to be able to effectively sell that many tickets and still cover yourself if something goes wrong.
Selling tickets is a form of gambling and too many people are taking risks for which they do not fully understand the consequences. There are certain events for which the first sets of auctions that appear are clearly "pre-sale" tickets or tickets for which the seller does not really have seats yet.
How to identify sellers who are selling tickets they don't have yet:
If any of the following are true about your seller, you may be ordering tickets that have not been purchased yet.
1. Section or Row is TBD
2. Seller will only tell you the section the tickets appear in.
3. Seller puts something like "I reserve the right to upgrade you at no extra charge" in his disclaimers.*
An offer of an upgrade is not a tell-tale sign that tickets have been pre-sold. Sometimes sellers will list tickets as "Row 12 with a free upgrade" to disguise the actually location of the seats, which are actually closer. They do this to protect their seat location from the eyes of teams and bands that may be trying to cancel tickets.
Some fans buy pre-sale tickets knowingly and don't care because they know they will get their seats without having to search every day or worry about it. However, the risk of stuff like this happening exists, so buyer beware!
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