0 someone who buys things, such as theatre tickets, at the usual prices and then sells them, when they are difficult to get, at much higher prices:
1 a person who sells tickets at increased prices without official permission:
2 someone who buys things, such as theatre tickets, at the usual price and then sells them when they are difficult to get at much higher prices:
3 someone who buys small quantities of shares, bonds, etc. and then sells them quickly in order to make a small profit
As an extra precaution against touts (scalpers), purchasers had to pre-register, including submission of a passport photo which was security printed into the ticket.
Despite scalpers selling tickets at 1000 lire, crowds queued in line for hours to see an immoral movie before the censors banned it.
In this process the scalper might also take hundreds of small losses during the same time period.
The volume a market maker trades are many times more than the average individual scalpers.
Scalpers sell tickets for high rates because there is more demand for tickets at the low sales price than available tickets.
During this tour the band set a cap on ticket prices in the attempt to thwart scalpers.
Reduced commissions are considered a must for scalpers that trade significant volume on a daily basis.
Additionally, while scalpers hardly existed in 1956, by 1963 they regularly received $25 for a $5 ticket.
