New Coin Deal

[CountValentine]

Obviously the ticket ppl with years of experience and know how did, to the tune of millions invested.

I know many of these people and these tickets were not on their list.
Now the real TS is where millions are being made. 

[Live N Learn]

I followed all instructions & I'm losing over $300 on this deal.

+1, over $1,000 here let alone promised commission...

But you did _not_ follow "all instructions". They specifically said not to buy resale tickets.

Those "instructions" were sent in a follow up email while the deal was going on and people had already bought tickets before or where in the middle of grabbing some and didn't get a chance to see it...

As many have mentioned, I feel really bad for them and it's sad to hear about their losses but this doesn't mean that people that were promised a profit should need to take a loss... I do give them give credit for stepping up and addressing it... but still...

I would be curious to hear [user=1]Dan[/user] input on the situation.

[Elishagotts]

I do agree that the instructions could of been alot more clear, I also think it was poorly constructed in general, imo when ppl are in a certain line of business they forget that what may seem obvious to them isn't at all to someone else, someone who has never bought tickets before wouldn't know to look out for obvious things such as obstructed view or reseller tickets ect.

[rileywiles23]

It's amazing how people still think buying groups  are some charity organization here to help you spend on your credit card..

[sddd]

Okay guys shifting gears. How much can i expect for Olivia Rodrigo codes?

Email went out. They are paying $100 IF they use your code.

[smartymiki007]

I mean this will all due respect. I'm not trying to upset you and I feel badly for the position you are in.

But you did _not_ follow "all instructions". They specifically said not to buy resale tickets. In fact, due to this requirement and to make sure I didn't screw up, I made sure my ticket filters excluded all resales, VIP tickets, etc. and only searched for standard TM tickets.

Again, this sucks for you and I do feel badly, but any buying group is going to deny you when you don't follow their instructions.

Like I said "I thought I was buying from Ticketmaster directly" - like many people buying on Amazon, they don't realize they're buying from a third-party reseller.

[white winter]

It's amazing how people still think buying groups  are some charity organization here to help you spend on your credit card..

Its amazing to see how completely ignorant you are

[smartymiki007]

If you lost money in this Travis Scott deal from opting in with PFS - please inbox me
Thanks!

[JMHO]

If you lost money in this Travis Scott deal from opting in with PFS - please inbox me
Thanks!

Are you offering to buy them?

[rileywiles23]

Its amazing to see how completely ignorant you are

Cool story bro.

[Yehuda57]

Do they offer extra upside when the deal is 'unexpectedly' positive in their favor?

IINM (and I'm not going to search for this), PFS themselves made this exact claim on this very thread when they were asking people to keep to their commitment to sell them the coins to PFS for a lower commission even after the price had shot up, saying that if the situation were reversed and the prices would tank, they would honor their commitment to the buyers.

I have no skin in this, I didn't buy tickets (and haven't bought coins for years), but it's quite telling to see what happens to all the talk (on both sides) about honesty, fairness, and honoring commitments when the shoe is on the other foot

[yuneeq]

IINM (and I'm not going to search for this), PFS themselves made this exact claim on this very thread when they were asking people to keep to their commitment to sell them the coins to PFS for a lower commission even after the price had shot up, saying that if the situation were reversed and the prices would tank, they would honor their commitment to the buyers.

I have no skin in this, I didn't buy tickets (and haven't bought coins for years), but it's quite telling to see what happens to all the talk (on both sides) about honesty, fairness, and honoring commitments when the shoe is on the other foot

I was fascinated reading through this forum...

1. Speculating on what any metal price will do over the next week, month, year, or decade isn't a great idea for ones money. You can contact a financial advisor and find many more interesting real investments to get involved in.

The dollar strength has obviously hurt all commodity prices which are priced in dollars. That trade/thesis is the consensus at this point, but is way oversubscribed in my opinion, but who knows.

2. I've been doing this for almost 10 years now. I have built great relationships with some of the largest and most reputable dealers and shopping networks around. When they look for quantity, i get involved.

This does not mean the price will automatically rise in the after market, nor does it mean that the item will even sell out! There have been tons of deals that i have been involved in where people have lost money. Many times it was me who lost, other times it was the dealers, there's no free lunch here.

The buyers that i get - at least the ones that i look to work with - are not in the business to speculate - they are looking for a guaranteed, quick, and easy return.

What I have read on this forum, is somewhat disturbing. To use somebody such a myself as a safety net to eliminate your downside, and play the upside for free, is not only unethical, but it's stealing. Those even contemplating it should be ashamed.

3. This shouldn't be looked at as an investment by buyers. The money is being floated by the credit card companies. As long as you trust me, or others doing similar things as i do, the higher you spend and "lay out", the better! All else equal, the commission should be less the more you pay because you're getting more points/miles, and have the ability to hit spending limits.

[CopyJosh]

fwiw I bought as many as I had the guts to run up on my credit card, 14 tickets in total, before I chickened out on getting more. Was about as much as I could risk on the off chance PFS didn't come through on their end of the bargain lol...
...

My sentiment above. Even after 7 years, ~30 deals, and a lot of money exchanging hands... every time it is never a sure thing.

I just inherently knew better than to get the reseller tickets, even though it crossed my mind because some were technically in the price range of the offer! Those tickets should be compensated for and hope PFS comes through for them. But I sure didn't know to look out for obstruction seats, so I definitely got lucky on that. I don't know how Ticketmaster presents that there's an obstruction.. I wouldn't have bought one if I saw it but I don't know how easy it would be to miss in checkout.

[lindnuck]

+1, over $1,000 here let alone promised commission...

Those "instructions" were sent in a follow up email while the deal was going on and people had already bought tickets before or where in the middle of grabbing some and didn't get a chance to see it...

As many have mentioned, I feel really bad for them and it's sad to hear about their losses but this doesn't mean that people that were promised a profit should need to take a loss... I do give them give credit for stepping up and addressing it... but still...

I would be curious to hear [user=1]Dan[/user] input on the situation.

Do you have the original instructions? I recall the instructions directing me only to get certain tickets, I only saw that follow up email well after I'd purchased multiple tickets.

[TimT]

What's next, Mets tickets? 

Huge demand in New York for them

[yg99]

Do you have the original instructions? I recall the instructions directing me only to get certain tickets, I only saw that follow up email well after I'd purchased multiple tickets.

They kept on adding restrictions as the day went on. I'm happy I got paid out but they should have paid some, if not all, commission.

Here is the original instructions:


Thank you again for opting in to the Travis Scott Tickets deal.

All tickets will be going on sale today, August 31st, with each show's sale starting at 10 AM local time in the respective city. This means that tickets will go on sale at 10 AM Eastern, 11 AM Eastern, 12 PM Eastern, and at 1 PM Eastern, depending on the show.

Below are some instructions and tips to help you be successful in purchasing tickets.

Travis Scott Specific Instructions:
Tickets can be purchased for ANY Travis Scott Utopia Tour Presents Circus Maximus show listed on https://www.ticketmaster.com/travis-scott-tickets/artist/1788754.
Do not purchase single tickets.
Purchase tickets that are less than $300 list price. (It's fine if, after taxes and fees, it comes out to more than $300.)
Ticketmaster won't let you purchase more than 8 tickets per show.

Travis Scott Specific Nice-to-haves:
If there are GA (General Admission) Floor tickets available, please purchase those.
Otherwise, try to get the cheapest available tickets.
Best shows to purchase for are Atlanta and Boston.
For the later hours (11 AM, 12 PM, and 1 PM Eastern), these cities are best: Dallas, Denver, Las Vegas, Miami, Philadelphia, Detroit, Chicago, Brooklyn, New York, Newark, and Toronto.

[liosac]

https://www.wsj.com/arts-culture/music/irs-taylor-swift-eras-tickets-beyonce-lionel-messi-tax-480d346c?mod=mhp

[CountValentine]

https://www.wsj.com/arts-culture/music/irs-taylor-swift-eras-tickets-beyonce-lionel-messi-tax-480d346c?mod=mhp

There is no free lunch. Even cheap seats are netting 1k.

[yuneeq]

There is no free lunch. Even cheap seats are netting 1k.

Netting or grossing? $600 of gross sales to receive a 1099 is tyranny.

[CountValentine]

Netting or grossing? $600 of gross sales to receive a 1099 is tyranny.

I was pointing out even on $1xx tickets they are netting 1K+ profit. They can afford to pay the tax.
Let's remember the profit was always taxable. They just lowered the cheating threshold.