Update: Austin City Limits Music Festival organizers just announced for their second weekend. But tickets are still available on the secondary market, although they're selling fast there too.
Reseller StubHub currently . Tickets for ACL鈥檚 second showing , with most passes going for well under the festival鈥檚 $225 face value. Austin City Limits Music Fest kicks back off this Friday.
Original story (Oct. 4): Don鈥檛 have tickets for the 2013 Austin City Limits Music Festival? Surprisingly, you鈥檙e in luck.
It鈥檚 the first year the popular fest has expanded to two weekends. And while tickets for this weekend are officially sold out , and next weekend鈥檚 three-days passes still retail for $225 鈥� hundreds of passes are now available for either weekend from , starting at around $100. And that鈥檚 not even , where there's a similar buyer鈥檚 market.
鈥淲hat it suggests 鈥� at least so far 鈥� is the people who priced the tickets initially seemed to have forgotten that the second weekend is a novelty, and maybe there wouldn鈥檛 be quite so much demand for a second weekend,鈥� says Daniel Hamermesh, a professor of economics at the University of Texas at Austin.
That said, , prices might not dip much lower.
鈥淟ets say this weekend turns out to be a great success, people love the music and think that next weekend鈥檚 is going to be as good 鈥� it wouldn鈥檛 surprise me if those prices went back up again,鈥� Hamermesh says. 鈥淵ou never know. If this weekend turns out to be a bomb, my guess is those will go down."
Austin City Limits sure leaves a big financial footprint: In 2012, the festival was estimated to have generated , according to a city-endorsed study. This year, ACL is expected to draw tens of thousands to Austin over the next two weeks. Twenty-five percent of festival participants come from outside of Texas and around the world, with most U.S. visitors will come from California, and most international visitors arriving from Mexico.
