Scalpers lose as ticket prices fall

PUBLISHED : Saturday, 25 September, 2004, 12:00am
UPDATED : Saturday, 25 September, 2004, 12:00am

Scalpers were complaining of bad business yesterday, in most cases offering prices below the face value.

Out at the track 30km from the city, scalpers - called 'yellow ox' in Putonghua - were selling the most expensive three-day package tickets at one-third the original price.

'Business isn't very good. I still have a lot of tickets to sell for the next two days,' said one man standing with several scalpers outside the entrance gate.

He was offering a 3,300-yuan ticket, the second most expensive, for only 1,000 yuan. Every entrance around the massive track had several scalpers offering similar deals.

'I can give you a discount,' one said. Scalpers said many people who received tickets as gifts were now trying to off-load them. But they hoped business would pick up for the final day tomorrow.

'I can't predict the price. It's just like the stock market,' another scalper said.

On the Internet, some tickets were still selling for a premium of a few hundred yuan - down sharply from a few days ago. Regular prices range from 3,700 yuan for the best seats to 160 yuan for standing room only today.