From personal ticket buying experience, no. I’ve never come across the oversold the tickets situation, especially these days, where it’s all done online, and they should know how many tickets they’ve been allocated by the venue. Venues often sell through several agencies, who are given a specific number of tickets, so it’s very difficult to see how they managed to do this.
When you booked the tickets you should have had several postal options, or picking up at the venue, and if your booking was properly confirmed, with a reference number, then your tickets should be there in your name to be collected at the box office. Which venue is it, and what event?