I've received a number of emails about this, and now Greenwich Time reports on the same thing: tickets to the annual (thank you, Ray Dalio) Town Party went on sale online at 10:00 AM, and were sold out by 10:01. With Eric Clapton as the headliner, it's not surprising that there was a huge demand, but a sell out within 60 seconds, when sales are supposedly restricted to Greenwich residents and people who work in town suggests, to me, that the scalpers' computers were at work here.
This is in no way meant to criticize the organizers of the event, who have been bringing a great event to Greenwich since Mr. Dalio first came up with the idea, and funded it, but if the scalpers have moved in, perhaps some changes in ticket sales should be made. Take sales off line, maybe, and require buyers to appear in person, with a limit, say, of ten tickets?
I'll point out that sponsor tickets are still available for $1,500, which would be a nice way to support this festival. Out of my reach, unfortunately, but surely not for everyone.