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April 7, 2010

SeatGeek – Predicts Ticket Prices, Saves Your Money

There may be no worse feeling than spending money for a concert ticket and then finding out that the guy on your left paid half as much for his seat at the show. Unfortunately, it can be pretty much impossible to predict whether the price for seats at an upcoming sporting event or concert will go up or down in the future. Until now, that is. SeatGeek is a webapp that helps users predict whether the price of tickets to an upcoming event are expected to rise or fall, and lets them know when the best time to buy is going to be.

When you search for a sports team, musical artist, venue, or city on SeatGeek, the site presents you with a list of events that match your request. After finding an event you’d like to attend, click on the date and you’ll be presented with a page showing which tickets are available and where those open seats are located within the venue. SeatGeek doesn’t actually sell you the seats itself, so next to each ticket listing is a link to the vendor who’s offering the sale. Most importantly, the SeatGeek site features a price forecasting icon on each event page, which tells you whether or not now is the best time to buy.

If you’ve decided to take the plunge and buy tickets now, then get started finding exactly what you need by narrowing down the list of available seats by price and location. When you click on a choice that looks good, you’ll be directed to the ticket seller’s site to complete the transaction. If you’ve decided now is not the best time to buy, then sign up for email alerts from SeatGeek to find out instantly when additional seats that fit your price specifications have been released.

For season ticket holders, the SeatGeek’s new Ticket Portfolio service offers tools to help you sell your tickets for the highest price possible, by giving you insight into when prices for a particular event are expected to spike. If you like going to concerts and sports events, then SeatGeek should be the first site you check out whenever you’re looking to score a good deal on tickets.

Practical Uses:

  • Save money on tickets to an upcoming hit concert
  • Wait to buy your Yankees tickets until the prices have dropped
  • Find tickets to a concert that meet your price and location specifications
  • Sell your season tickets for a higher price by timing the market perfectly

Insider Tips:

  • SeatGeek’s price forecasts are more than 85% accurate
  • Determine how many people are in your party, and then only search for groups of tickets that meet that criteria
  • Search by venue to see all the upcoming events in that spot
  • SeatGeek does not show “speculative tickets” that don’t include seat assignment information

What we liked:

  • SeatGeek aggregates ticketing information from a number of popular sites
  • The “Biggest Deal On Earth” feature shows a handful of the best available deals for any event
  • Email alerts make it easy to find out when prices have dropped
  • Ticket Portfolio can help users make more money when selling their season tickets

What we didn’t like:

  • Nothing

Alternatives:

Company Info:

  • Launched: September 2009
  • Privately Held
  • Headquarters: New York, New York
  • Founded by: Jack Groetzinger and Russ D’Souza
  • Web site: http://seatgeek.com

Costs:

  • Using SeatGeek is free
  • Using Ticket Portfolio costs $15/month

Comments

  1. hal greene

    seatgeek.com is a cool theory, but they’ll hose you. i ordered tickets to several events on the same day because i thought it was a great site, but i then found out they were completely on the other side of the stage. i contacted seatgeek.com and they basically said, “oh well.” seatgeek.com sucks.

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