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Who knows how their business model works? They may well be like those delivery riders. We seem to be heading (back) to some kind of master-servant economy where badly-paid very basic services, standing in a queue on behalf of somebody unknown in this case, seems to be what sort of pay people can get. Maybe it's just a sideline and £200 might be worth that to them. A tenner on top doesn't look like a catastrophic mark-up to me, and maybe it's comparable to the pittance that someone working for the likes of Deliveroo gets.
Oliver Schick-
From the guys I saw, the impression is of middle-aged, not-badly-off guys hauling off sacks that they can put on Discogs as more pocket money than something that feeds the kids. Either way, reselling is not materially different to ticket touting, a lot of genuine fans queued for hours for releases they didn't get, and they pollute the whole vibe and purpose of the event.
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(Edit: kl beat me to it)
kl
EagleEyez
Yeah, guy beside me at the tills spent £500 - let's say that's 20 records he makes a tenner each on. Is £200 really worth sitting on the pavement all night and all the admin you've got to do putting them all online, fielding questions, mailing them and taking the risk that they don't sell?