Concert ticket prices were supposed to be cheaper as we were told early in the year by Live Nation but the instead concert ticket prices are up 10% this year according to Pollstar. Tickets have increased by an average of $6.25 per ticket after hundreds of press releases touting the cheap concert ticket prices for 2011.
It looks like the promoters have the artists scalping their own tickets more this year and cutting back concerts at poor selling venues and cities to bring the average concert ticket price up. The only bargains are for the cheap general admission lawn seating at the outdoor amphitheaters and the upper decks in arenas.
When the concerts are overpriced, concert ticket brokers such as PreferredSeat.com have been offering concert tickets below face value as sellers try to unload the overpriced tickets to keep from losing too much money. At some point the concert ticket prices will come down as promoters find the old acts just can’t pull them in like they used to.