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"I would never buy a $200 ticket, therefore there does not exist a taylor swift ticket worth $200"

As you point out, different people have different price elasticities. Is it so hard to believe that some people really are willing to pay $5000 to attend?

You rightly point out that resale market prices are likely higher than the market clearing price compared to if there were a single-price auction for all the tickets, but saying that they're worth $100 is just flat out wrong.