Twenty years ago, concert tickets represented economical entertainment. Yes, prices have risen for everything traditionally two decades, however the costs of concert tickets have risen considerably faster than the rate of inflation. Tickets that once cost $10-$15 now routinely retail for ten times as much or more if the concert is by a major artist. For several artists, the very best ticket price for premium seats may be $500 or more!

Why have concert tickets become so pricey? Here a few reasons:

Concerts are now a main source of revenue. Record companies and artists once considered concerts as "loss leaders." It might cost millions for an artist to tour, but the ticket prices were kept to an budget friendly minimum. The company might lose cash on the tour, but earn money overall when those concert goers went to their record store the next day to buy the newest album from the artist they just saw. With sales of music decreasing in the past 10 years, both the artist and the record company are now seeing concert tours as a principal generator of sales, both from tickets and from sales of supplementary merchandise including tour programs and T-shirts.

Scalpers have driven up prices. The laws of supply and demand have usually affected concert ticket prices. Tickets to sold out concerts have generally been sold in a secondary marketplace for more than the face value of the ticket, and in several cases, scalpers were receiving hundreds of dollars for tickets that might have had a face value of less than $20. The artists and record corporations saw this taking place and thought, "If people are going to pay $200 for a ticket, why aren't they getting them from us?" Now the artists themselves charge premium prices, particularly for the ideal seats. Needless to say, scalpers still charge a premium for soldout shows, but ultimately, there is a limit to how much the general public is willing to spend.

Service charges have gone up. In the 1970's a common service charge for a ticket may have been 25 or 50 cents. Now it isn't unusual for the ticket companies to include on a service charge of $10 or more for tickets to popular events. Selling tickets has become a multibillion dollar industry, and all relevant parties now want their portion of the earnings.

How can members of the public get good prices on concert tickets? The best advice is to be persistent. You can buy tickets to sold-out shows on Craigslist, or eBay, or from any one of a number of ticket brokers on the internet. Purchasing from Craigslist or eBay sellers can be dangerous, as you may not be able to determine if the tickets are genuine or phony or if the seller really has them in their possession. On the other hand, online brokers might charge a premium for tickets. The tradeoff in buying from an online broker is that they have huge inventories, giving you access to a large number of concerts on several dates at several venues. In addition, you know that the tickets you wish to buy are literally available and that you can purchase them securely with your credit card without risking losing your money.

Buying concert tickets is not as affordable as it once was, but thanks to online ticket brokers, it's fast and easy. You don't have to stand in line in the cold any longer.
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