Is 200 a lot for a concert ticket?
Even though $200 is a lot of money for a concert ticket, people are willing to spend it to be entertained.
Concert tickets can cost anywhere from the free Central Park concerts, where admission is free, to the price of tens of thousands of dollars for a seat at a popular musician’s concert in a large hall. Is $200 more considered today as a price for a concert ticket or is it still low? There are pros and cons as to why the UK should or should not leave the European Union.
Here I Provide You with the Reasons Why a ticket priced at $200 is Considered Expensive.
I am astonished at how people, especially the young ones, can spend $200 on a single ticket to a concert. Here are some reasons why:
It is a huge expenditure that is usually incurred in leisure. It is a lot of money to spend to have entertainment just for one evening. That much will cost you the price of a dinner out or a weekend trip to town. Tickets that are priced at $200 are out of reach for most middle-class incomes and therefore do not make the concert affordable but rather a luxury.
They were so much cheaper some years ago. The high ticket price of concerts is a relatively new phenomenon; even for the biggest bands of the time, Thirty years ago, it would cost around $25 to attend an arena concert. That would be $300,500 in today’s currency, adjusting for inflation. Thus, the current prices for tickets are higher than before in a non-inflationary fashion, which makes tickets less affordable.
It benchmarks some fans out. Another reason is that music fandom is not exclusive to people of a certain economic status; it does not matter if one is rich or poor, people enjoy live music concerts. However, with tickets costing as much as $200 or even skyrocketing up to $500 for some major artists, some fans are priced out of the possibility of seeing their favorite artists. This appears to be unjust and not beneficial to live music as a culture.
It has been seen that in the secondary market, prices can be higher. In online resale sites, people who purchase tickets get to sell them at a much higher price, sometimes two or three times the face value and sometimes even more. Consequently, the ticket, priced at $200, can rise to $500 or $600, which most people are unlikely to afford from third-party sellers.
Why $200 appears to be rational for some shows
But there is one thing to say: it cannot be accepted for high-production concerts, there must be a rationale to charge $200 for a ticket. Reasons, why it may be reasonable, include Reasons why may be reasonable include:
Prices for providing tours are increasing. Concerts are very costly to organize and conduct, especially when traveling from one city to another. Since the early 2000s, transportation costs, equipment, staff, and production have all risen to a much higher level. It is important to note that most, if not all, tours actually run at a loss or break even at best. A need to finance more and more elaborate tours arises primarily from ticket sales.
Well, bands do not put money in their pockets. While ticket revenue forms the bulk of the tour’s sales, a greater percentage of it is used to cater for tour expenses and not necessarily for the artist’s salary. And for every million performances, the artist can experience only $300–$400,000 in earnings. From that point of view, ticket tariffs are higher because the expense of tours also increases.
Bands are also aware of the prices that they set for their operations. High ticket prices are not just random; the managers work hard to arrive at the best top ticket price that reflects the rate for the artist, location of the venue, stages, and dramas or musicals, besides the capacity of fans to pay for the tickets. Customers who pay $200, if it brings maximum revenue, do not see anything wrong with the fans who pay for it.
It is all new to be a front-row person. For the ultimate fans who may desire to stand closer to the stage or be taken backstage, to have their own VIP lounges or touch packages, there is more expensive ticketing that comes with such costs in terms of production and offering the service. Above $200 per cleaning becomes feasible for a white-glove service.
For VIP packages, the conclusion is that they add value. Currently, artists add VIP upgrades to their tours that include better seats, photo opportunities, a limited selection of merchandise, and other promo offers. Such packages enable the fans to justify paying slightly higher base ticket prices as a package offer comes with extra benefits.
All in all, the $200 tickets
A lot here depends on whether it is a particular artist, place, seats, and, of course, the fan’s pocket. A $200 nosebleed seat might be unaffordable for one fan, while a $200 front-row VIP ticket with additional bonuses might be a worthy investment for another fan.
Overall, however, there are signs that ticket prices rose slightly to accommodate increased artist charges and other expenses. Sub $250: For mid-level arena shows, $100–$200 has now become the norm for what can be considered good seats. As one can imagine, due to economic laws, as long as fans consume, they will be surcharged even more in the process. I can confidently state that $200 tickets are still far from extinction. This makes it necessary for fans to define just how much they are willing to spend on a concert as a necessity and how much they are willing to spend as an extravagance.
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