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secondary market
noun
- the market that exists for an issue after large blocks of shares have been publicly distributed.
Example Sentences
Although Jacki bought two Swedish tickets on the secondary market, the mark-up of the most expensive was only around double its face value.
Yet laws preventing excessive pricing on the secondary market do not stop two key issues – touts getting their hands on excessive amounts of tickets in the first instance, and the risk of people buying counterfeit tickets or being scammed.
The idea is that the venue and artists sell the tickets directly, and therefore get the additional income if prices rise, instead of that money going to sellers on the secondary market.
Although Jacki bought two Swedish tickets on the secondary market, the mark-up of the most expensive was only around double its face value.
Yet laws preventing excessive pricing on the secondary market do not stop two key issues – touts getting their hands on excessive amounts of tickets in the first instance, and the risk of people buying counterfeit tickets or being scammed.
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