I've had SeatGeek on my radar for a little while, but they just went live this week and you'll definitely want to take the site for a spin.
Similar to what FareCast does for airfare, SeatGeek provides price forecasts for concert tickets (and sports tickets) using a custom algorithm to crunch historical concert ticket transactions and “other factors” that influence tickets prices.
As you can see in the screengrab above, the site essentially tells you whether to buy now or wait til later using one of seven possible forecasts — sharp decrease, moderate decrease, steady prices, moderate increase, sharp increase, hump, and trough. For events with sufficient data, they even break down the forecast for cheap, medium, and expensive seats.
And the coup de grâce: you can sign up for an alert and they'll email you when it's the best time buy tickets, up to two days before the event. Nice.
We see this as a huge opportunity for a change-the-world type of business.
— Russ D'Souza, SeatGeek Co-Founder, via LA Times
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