Well, it was such a hot ticket precisely because of the very reasonable ticket price. At $50-$100, they could easily have struggled with ticket sales. Now is their chance to capitalize on it - set up a special VIP experience and sell a few hundred entries for $100-$200pp. Good for Goderich - its a lovely little town and its fantastic to have such a popular festival during what is likely to be a slower season.
Sure, but there's a "correct"/optimal price that maximizes revenue. They clearly were nowehere near that.
Maybe no one purchases them at $1000 apiece, and maybe they have so much demand they sell out in literally 10 seconds over 8 months early at $20 apiece, but maybe they sell out over the course of a few days at $75 apiece, and over a few months at $125 apiece, or whatever. Not unreasonable at all for a three-day festival.
When they're doing the whole thing to raise money for charity and their town, you'd think having 3-5x or more the money brought in, with the same amount of happy people attending (and much less unhappy people at not being able to attend), would be nice.
I mean, I'm personally bummed, but that aside, just commenting on how capitalism works--there was way more demand than supply, so their prices were clearly too low. :)
