Skimbleshanks2 said: "I don't know what is worse: that Hamilton is charging $477 for top seats or that people are willing to pay them. You could try to justify that all you'd like but you'd never win that argument."
Really? That's an easy argument to win.
If Hamilton sells seats for $100, and the secondary market then re-sells those tickets for $500, it does beg the question why I would rather give $400 to someone who put nothing into the production and it just profiting off of it. Also, in this day and age, scalping can sometimes be risky, since I can resell the same PDF multiple times, and whoever gets theirs scanned first gets to enter the theater.
With dynamic pricing, Hamilton is profiting directly off of the work, it is setting a price based on the market (dynamic prices also come down when no one will pay them; I've attended many a show buying the tickets 90 minutes in advance when the premium seat became regular and took a discount code), and patrons are assured they are going to be OK entering the theater with a valid ticket.
Until you come up with a solution that eliminates the secondary market, I don't see this issue going away. Plus, it is a "problem" most shows don't mind having. Even if they eventually sort out how to remove the secondary market, premium won't go away since it enables people with more resources to not plan ahead and still get great seats last-minute.
But it is very easy to justify it, as long as the Hamilton producers are making a bigger chunk of change than the scalpers would have grabbed without those high ticket prices. It is hard to come up with a better system that deals with the reality of all of these variables.