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Do Concert Tickets Go Down?
The question of whether concert tickets go down often arises among music enthusiasts and fans. While the simple answer is complex, this guide will help you understand the nuances behind ticket pricing, particularly in the context of the secondary market and venue capacity.
Understanding Ticket Pricing Trends
The price of concert tickets is highly dependent on demand. However, without a definitive answer, it's important to recognize that the overall demand plays a crucial role. Prices might rise leading up to the event, especially as the concert date approaches. Conversely, as the event nears, ticket prices and demand usually drop. Yet, this is not always a guaranteed trend. The absolute certainty of a ticket's value depends on several factors, including the artist's popularity, venue capacity, and secondary market activity.
The Secondary Market and Its Impact
When considering the secondary market, prices can fluctuate even more unpredictably. Scalpers and fans who can't use their tickets play a significant role in this market. Venues themselves do not lower their official prices, but the secondary market can see drastic changes. For instance, tickets to a high-demand, low-capacity venue may remain consistently expensive and rarely drop in price. Artists might choose to play smaller venues, such as the Doug Fir Lounge, while a nearby large amphitheater like Edgefield remains unsold.
Real-World Examples
Take CAKE as an example. They often play at smaller venues with limited capacity, such as the Doug Fir Lounge in Portland, despite having access to much larger venues. In contrast, Vampire Weekend sold out an event at a larger venue, Edgefield amphitheater, within an hour. After the sell-out, secondary market prices remained high, with General Admission tickets costing around $150 for months. But if you were willing to wait until a couple of hours before the show, you could find tickets for as little as $25 off the face value.
Conclusion: What Does Go Down?
If you're wondering where concert tickets might drop in price, the answer is primarily in the secondary market. While major concerts with high demand and large venue capacity typically maintain high ticket prices, secondary transactions can offer significant discounts. Small venues or niche concerts might see their ticket prices drop, but this is not a universal rule.
In conclusion, whether concert tickets go down depends on various factors, including the artist's popularity, venue capacity, and the timing in the event cycle. While the official ticket prices might not change, the secondary market can provide valuable insights and opportunities for fans to secure tickets at more affordable prices.