Not sure how you come up with point 1 when talking about auctions of a very limited resource. Lets focus on the point 2.
You are vastly overestimating buying power of the richest people. Lets assume that some of them are really irrational and want to buy access to the single place by selling whole their wealth.
X entries per day, 365 day in a year, that is 3650*x tickets to buy out to cover 10 years.
Musk wealth: 171 000 000 000
Divided by 3650 = 46 849 315
If we sell only 50 tickets daily it is less than million of $ that Musk have available for each ticket.
If park increases number of tickets to 500 daily (~21 per hour) then we are talking about 600 million richest people that can try to outbid Musk on a single ticket.
In reality people like Musk probably would never spend even 1/100 of their wealth for any single attraction. If they had, they would not be that rich. Additionally park could easily increase number of tickets if those are not used.
> If we sell only 50 tickets daily it is less than million of $ that Musk have available for each ticket.
Wow, and for anyone else for only a million dollars people can buy an entire day in what was once a free federal location!
Meanwhile, let's look at Yellowstone. Over a decade, they will sell about $110MM in passes (just a 10x of what they generated recently.) Let's say at an auction the passes go for an average of 20x that. So for $2.2 billion, someone can buy exclusive access to a 2.2 million acre federal park for a decade.
A 20x multiple is pretty high too.
> reality people like Musk probably would never spend even 1/100 of their wealth for any single attraction.
Musk spent approximately 20% of his wealth on an internet toy.
You are vastly overestimating buying power of the richest people. Lets assume that some of them are really irrational and want to buy access to the single place by selling whole their wealth.
X entries per day, 365 day in a year, that is 3650*x tickets to buy out to cover 10 years.
Musk wealth: 171 000 000 000
Divided by 3650 = 46 849 315
If we sell only 50 tickets daily it is less than million of $ that Musk have available for each ticket.
There is over 60 million people with wealth higher wealth than that. (https://www.statista.com/statistics/203930/global-wealth-dis...).
If park increases number of tickets to 500 daily (~21 per hour) then we are talking about 600 million richest people that can try to outbid Musk on a single ticket.
In reality people like Musk probably would never spend even 1/100 of their wealth for any single attraction. If they had, they would not be that rich. Additionally park could easily increase number of tickets if those are not used.