Gov. Pataki to sign bill allowing ticket scalping

[LifeDuringWartime]

http://www.newsday.com/news/local/wire/newyork/ny-bc-ny--ticketscalping0615jun15,0,1644361.story?coll=ny-region-apnewyork

ALBANY, N.Y. -- A revised bill legalizing limited ticket scalping for venues with 6,000 seats or more will be signed into law by Gov. George Pataki, the governor's office said Wednesday.

An earlier version of the bill passed by the state Legislature this month would have allowed scalpers to sell tickets without price restrictions. Supporters said that would lead to lower prices as sellers competed for business and more tickets became available.


That provision was changed after Pataki said he would only sign the bill if a 45-percent cap was put on the resale price.

Under current law, ticket buyers can only resell their tickets for $5 above the face value or 20 percent more than what they paid, whichever is greater.

thanks George :sarcasm:

[Norquist Nemesis]

1. Ah yes. Capitalism and the Free Market.

Screw the consumers.