What is the most expensive concert to go to?

  • Posted on: 11 Jul 2024
    What is the most expensive concert to go to?

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    Concerts can be quite thrilling events which enable you to view your preferred performers in the comfort of a theatre hall. But concert tickets are not cheap, and sometimes the price of some concerts makes it too expensive to attend the show. Which artist sold the most expensive concert ticket? Now we take a closer look at probably some of the most expensive live concerts and why they cost so much money.

    The Rolling Stones Are About to Hold Records for Expensive Tickets

    One band that we have seen time and again pull off some of the most expensive concert tickets is The Rolling Stones. They are a rock ‘n roll band that has been in the industry for quite some time now and followers are willing to part with a lot of money to watch them perform live.

    The Rock and Roll band The Rolling Stones also tried the Pay-Per-View model in a 1997 concert with ticket priced at $67. Taking into consideration the inflation rate, it would be around $113.00, making it the most expensive Pay-Per-View event at that time.

    It was not until 2005 that The Rolling Stones managed to break records again, the group which recorded the highest grossing concert of all time during its A Bigger Bang tour. The least expensive tickets cost $450, which is over $600 taking into account the inflation rate currently.

    However, they only had their priciest ticket sold in 2006, which was for the concert they performed at Fenway Park. It was the era when one could get front-row tickets for 5000 USD only! Although it was often criticized for being too expensive, there, as always, were people willing to pay the price for their beloved band’s albums.

    Gala concerts with high ticket prices

    Some big-name concerts are charity concerts and artists often use promotions that may include expensive tickets. The tickets are unaffordable for ordinary supporters, though rich people buy the tickets and are fully aware of the fact that the money will go to good causes.

    In the same year, tickets for Charities concert by Ariana Grande, “One Love Manchester” were sold in the black market legally at very steep prices of up to $5000 each. It was a charity event to support the victims of the terrorist attack that took place in Manchester Arena. In spite of the violation of the rules by reselling tickets among fans, it pointed to what enthusiasts were willing to pay.

    The Concert for Diana in 2007 was a benefit concert where some of Britain’s most famous musical talent including Elton John, Duran Duran and others performed in memory of the late princess, Diana. Some of the seats at Wembley Stadium cost approximately £1,500, or $2,300 when purchased directly from the stadium.

    Historic Reunion Concerts

    That is because whenever those bands that fans have been following for a long time come again into the stage, usually after a long time of no performance, the ticket costs skyrocket. Loyal followers who never had a chance to watch these groups live jump at what may a rare opportunity to do so. 

    It is noteworthy that in 1994, The Eagles reunited for their highly acclaimed ‘Hell Freezes Over’ tour. There was much outrage when they sold tickets priced at $100, an unthinkable amount at the time. Even when this sum is corrected for more than a quarter century of inflation, the amount comes to more than $ 175 of today’s currency.

    They also reunited with their iconic lineup in 2016 and that too was a record. The “Not In This Lifetime” tour was a live example of this where the nose bleed seats are being sold for $100+ while the front row tickets ranged from $750 to $2,500. And such prices were for normal shows only, their big events were much pricier, entirely out of reach for the average consumer.

    Exclusive International Concerts

    It becomes evident that at times the costliest concert ticket is not going to have its origin in your own country. Consequently, international audiences are generally more than willing to pay a premium for worldwide tours and limited shows.

    In 1985, Tina Turner made her stadium concert in Rio de Janeiro which will be hard to break. For the front row, seats cost as much as $10,000 in US dollars, whereas standing space cost $2,500. In today’s dollars, that comes out to $24,618 per ticket – and that does not even take into account the cost of food and drink!

    Still, in recent years, international concerts could become truly incredibly expensive, sometimes unimaginable. When rock band U2 took its blockbuster Joshua Tree Tour to Singapore in 2019, some VVIP passes were being sold for S$1,724 (SGD) or USD 1,274.

    Why Do Concerts Cost So Much Money?

    There are a few key reasons why some concerts get so costly.

    Iconic Artists: Fans who strictly stick to the conventional rock bands like The Rolling Stones or a re-formed band like Guns N Roses in the 21 st century push up the prices.

    Exclusivity: The consumer demand is higher when a band embarks on a one-time tour or even a concert in a different country.

    Charity: High ticket price charity concerts generate more amount of money to be donated to charity.

    Location: Close up shots which are ideal especially for front row events are very few.

    VIP Access: Booster packages that allow for back stage access, pre-show lobbies, transport, gifts etc. are for the richer fans.

    Of course, the tickets are what fans are willing to pay for them, or the market value defines them. This is due to the fact that consumers can drive these outrageously high ticket prices for concerts. For those who have always admired historical rock legends or a pop diva nothing would be more pleasing than to see them perform live on the stage once again.