$11,000 to see Taylor Swift? How concert tickets got so expensive
1 year, 8 months ago

$11,000 to see Taylor Swift? How concert tickets got so expensive

LA Times  

Taylor Swifts performs for an audience of people who were lucky, devoted or well-heeled enough to get tickets. In addition, the GAO’s report found that event promoters will sometimes distribute tickets through brokers “to capture a share of higher secondary market prices without the reputation risk of raising an event’s ticket prices directly.” The GAO also said that, according to the four resellers interviewed for its report, “professional brokers represent either the majority or overwhelming majority of ticket sales on their sites.” StubHub takes issue with the GAO’s number; of the people who sold tickets through the site last year, it classifies less than 1% as brokers. According to the website, platinum ticket prices are determined by the demand, with the price for hot tickets rising as the supply goes down, “similar to how airline tickets and hotel rooms are sold.” The company says that the goal of platinum tickets is to allow artists and promoters to set ticket prices that they think reflect their true market value. According to Reuters, “hawkers caught face fines of up to 10 times the face value of the tickets being sold illegally.” Still, fans with money have shown time and again that they’ll pay far more than the face value of a ticket to see their favorite artists, so it’s unrealistic to think that the secondary market can be eliminated. The coalition wants Congress to update the 2016 Better Online Ticket Sales Act to ban speculative ticket sales and expand the protections against bots used by “predatory resellers.” A tricky aspect of making sure tickets land in the hands of fans is that artists can’t identify who their fans are.

History of this topic

Taylor Swift, imperfect capitalist?
1 month, 3 weeks ago
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1 month, 4 weeks ago
The most extortionate gigs of 2024 revealed - and Taylor Swift's record-breaking Eras Tour didn't even make the top 15
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3 months, 2 weeks ago
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3 months, 2 weeks ago
Taylor Swift’s Eras Tour ends by shattering own record, grossing an estimated $2.2B, Pollstar says
3 months, 2 weeks ago
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3 months, 2 weeks ago
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3 months, 2 weeks ago
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4 months ago
Taylor Swift's major announcement ahead of final Eras Tour show leaves several Swifties frustrated as police arrest…
4 months ago
Dwayne Johnson reveals Taylor Swift forced him to do one thing he ‘hates’ the most
4 months ago
Taylor Swift was given $1-million security cover in UK after her mom threatened to cancel concerts: Report
4 months, 1 week ago
Taylor Swift Fans Sue Ticketmaster for Price Gouging
55 years, 2 months ago
Starmer refuses to say if he regrets accepting free tickets to watch Taylor Swift concerts
5 months, 1 week ago
Policing bill for Taylor Swift's Wembley gigs rose £150,000 after ministers and London mayor Sadiq Khan 'pressured Met to give pop star outriders' despite 'assessment finding no major threat'
5 months, 2 weeks ago
How top Labour politicians 'pressed' police to give Taylor Swift VVIP protection that Prince Harry can't get (and enjoyed free concert tickets)
5 months, 2 weeks ago
My Taylor Swift tickets were stolen from my Ticketmaster account and they refused to help me
6 months ago
I fell for a Taylor Swift ticket scam – don’t make the mistakes I did
7 months, 1 week ago
Taylor Swift tickets 79 percent cheaper to London shows after foiled terror plot
7 months, 1 week ago
Swifties rush to sell tickets for as much as £600 for five concerts at Wembley Stadium
7 months, 2 weeks ago
Taylor Swift fans rush to sell their tickets for as much as £600 for five concerts at Wembley Stadium - as popstar cancelled three Austria appearances after two suspects were arrested for allegedly pl
7 months, 2 weeks ago
I paid £18,000 to take my daughter to see Taylor Swift's Eras Tour in Warsaw - but now I'm worried the tickets I bought from StubHub aren't legitimate
7 months, 3 weeks ago
'Cruel Summer'? Fans splurge on resale tickets as Taylor Swift tours Europe
9 months ago
Taylor Swift set to boost London economy by £300 million after selling 640,000 tickets for sold out Wembley shows
9 months, 1 week ago
Taylor Swift Eras Tour tickets to Edinburgh stadium show listed on Viagogo for £4,256 each
9 months, 3 weeks ago
Ticketmaster Timeline: A running list of clashes from Pearl Jam to Taylor Swift
10 months ago
30 years of clashes between Ticketmaster, artists and fans
10 months ago
Want to see Taylor Swift’s ‘Eras Tour’ without breaking the bank? Try Europe
10 months, 2 weeks ago
Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers
10 months, 3 weeks ago
Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers
10 months, 3 weeks ago
Travis Kelce calls out girlfriend Taylor Swift while auctioning Eras tour tickets
11 months ago
Taylor Swift features in Canada government's budget proposals, Trudeau wants to help Swifties with concert tickets
11 months, 1 week ago
Taylor Swift fans targeted by surge in ticket scams as £1m ‘already lost’ ahead of pop star’s UK tour
11 months, 1 week ago
Major Taylor Swift ticket update as Ticketmaster announces Eras Tour policy change
11 months, 3 weeks ago
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1 year ago
How you can make thousands after attending Taylor Swift's Eras Tour in Australia: Fans selling wristbands and confetti from her concerts online for huge money
1 year, 1 month ago
Taylor Swift's $18 million Singapore deal draws flak for excluding other Asian regions
1 year, 1 month ago
Hackers are targeting Taylor Swift fans desperate for tickets. Here's how the scams work and how to protect yourself
1 year, 1 month ago
Disney snags Taylor Swift's concert film in million-dollar bidding war: OTT release date revealed
1 year, 1 month ago
Police issue stark warning to Taylor Swift fans ahead of her Eras tour arriving in Australia: 'Check it twice'
1 year, 1 month ago
Taylor Swift ticket scammers target fans ahead of Eras concerts in Melbourne and Sydney
1 year, 1 month ago
Taylor Swift Tokyo concert: Ticket price, availability, cheapest seats, full 2024 schedule, and more
1 year, 1 month ago
Australians lose $135,000 to fake ticketing scams ahead of Taylor Swift concerts in Melbourne and Sydney
1 year, 2 months ago
Footy star offers Taylor Swift tickets to fans in priceless opportunity - but all is not as it seems
1 year, 3 months ago
Taylor Swift's Eras Tour is the first tour to gross over $1 billion, Pollstar says
1 year, 3 months ago
Taylor Swift's Eras Tour is the first to gross over $US1 billion
1 year, 3 months ago

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