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Scalpers lose money when Chinese hero drops out

Ticket scalpers in China lost money when Chinese Olympic hero Liu Xiang dropped out of the 110 meters hurdles to injury. 

From BBC News:

Olympic tickets are being sold for as little as a tenth of their previous black-market value after a Chinese athlete dropped out.

The price for tickets to see the 110m hurdles plummeted after athletics hero Liu Xiang withdrew.

There were also small but noticeable pockets of empty seats during the race at the “Bird’s Nest” stadium on Thursday.

Had China’s most famous athlete been in the race, it would have been packed.

Tickets for this event, which had a face value of up to 800 yuan ($117), were the most sought after at this Olympics.

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Date
August 22nd, 2008

Author
havocscope

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