I don’t know how many times I've seen a jacket or pair of jeans I liked in a store, and thought "Oo! I'd better buy that before they're all gone" and bought them -- then walked past the same store a few weeks later to see them half price. It can really suck!
While I haven't bought as many concert tickets in my life as I have jeans, the feeling is definitely the same when it happens for your concert. "Seatgeek," a new piece of TechCrunch genius, though, is hoping to remedy the problem, aiming to tell you when prices are going up (hurry, buy quickly!), and when they are likely to go down (wait and grab a bargain). Online ticket sales is a competitive market, and when one ticket broker drops prices, often others will follow suit. We love to see our customers get a bargain … so why not?
Seatgeek is a free online service (although registration provides full functionality) that provides algorithmic data to forecast the price movements of theatre tickets, sports tickets, and Vegas tickets. Within the sports tickets world, baseball is currently the focus, but online football tickets will be added shortly. Most major concert ticket data is already available.
The way that Seatgeek does its magic thing is by weighting the flowing factors, putting them in a big pot and stirring them around:
- Past ticket prices for events, depending on the artist or the sports team in question
- The weather forecast, which may change as you get closer to an event
- Other events in close geographical proximity to the event
- Players and injuries
- Playoff races, in the case of sports tickets.
One tip though -- Seatgeek makes money from referring you to ticket sellers who don’t necessarily have the best prices. They also may not have access to concerts that are otherwise sold out, like many good ticket brokers will. We definitely recommend the Seatgeek service, but we also recommend combining that info with your own research on the best places to buy concert tickets.
