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Led Zep tickets fetch £7,425 as online 'touts' strike gold in £200m bonanza
The Guardian ^ | 01/0808 | Owen Gibson

Posted on 01/08/2008 6:26:50 AM PST by Clint N. Suhks

The loud and proud return of Led Zeppelin was the most lucrative event of the year for the touts and fans at the centre of a heated row over the resale of tickets online, according to figures published yesterday. One of the leading online ticket resellers, Seatwave, said the average price for tickets sold through the site for Led Zeppelin's comeback gig at London's O2 arena was £7,425.

Online resellers have effectively created a rolling market for high-profile gigs and sporting events.

There is no legislation covering the resale of concert tickets and sporting events other than football matches but the culture, media and sport select committee will this week release a hotly anticipated report on the matter.

Desperate Led Zeppelin fans were willing to risk thousands on tickets sold through sites such as Seatwave. The tickets had a face value of £125.

The figures reveal that boxer Ricky Hatton's much-hyped bout with Floyd Mayweather in Las Vegas was the second most popular event for users of the site, with tickets going for up to £3,050.

Dedicated resale sites such as Seatwave and Viagogo, as well as established online retailers such as eBay, have angered artists, managers and promoters who say they are profiting...

~snip~

Ticket top ten

1 Led Zeppelin at the O2 - highest price £7,525; average price £7,425

2 Ricky Hatton v Floyd Mayweather - £3,050; £707

3 Wimbledon 2008 - £2,175; £751

4 Rugby World Cup - £2,175; £367

5 Barbara Streisand at the O2 - £1,000; £287

6 The Eagles at IndigO2 - £990, £990

7 Othello with Ewan McGregor at the Donmar Warehouse - £899; £639

8 Joe Calzaghe v Mikkel Kessler - £750; £99

9 Take That - £610; £124

10 Amir Khan v Scott Lawton - £595; £275

· Source: Seatwave

(Excerpt) Read more at music.guardian.co.uk ...


TOPICS: Music/Entertainment
KEYWORDS: myleg; squeezemylemon; tilthejuicerunsdown

1 posted on 01/08/2008 6:26:54 AM PST by Clint N. Suhks
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To: Clint N. Suhks

Fools and their money are soon parted....


2 posted on 01/08/2008 6:59:48 AM PST by NRA1995 (Mr. President and Congress: This is OUR country and don't you forget it!)
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To: Clint N. Suhks

I am a Led Zep fan, but there is not way that I am going to part with that much cash for a ticket. If I were a multi-millioniare I would not pay that much for a ticket.


3 posted on 01/08/2008 7:18:14 AM PST by Army Air Corps (Four fried chickens and a coke)
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To: Clint N. Suhks

I thought Led Zepp had a special ticket buying protocol in place where only the original buyer could actualy use the ticket.

For example, I buy the ticket online using my ticketmaster account. The ticketmaster account uses my email addy as a form of verifing my identity.

When I go to use the ticket at the event, I have to show some kind of ID proving my identity. If I can’t provide the ID, I can’t get in.

Thus, all these people buyng tickets online are esentialy throwing their money away.

The radio talking heads were just jabbering about this last week.


4 posted on 01/08/2008 7:42:32 AM PST by Explodo (Pessimism is simply pattern recognition)
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To: Clint N. Suhks
9 Take That

What the....?

5 posted on 01/08/2008 7:44:26 AM PST by stainlessbanner
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To: NRA1995
Why? If you can afford it, and you feel the expense is worth it, more power to you! I think a Rolex is a waste of dough so what the heck.
6 posted on 01/08/2008 7:48:07 AM PST by SoCal Pubbie
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To: SoCal Pubbie

NO musical act is worth that kind of money, especially a bunch of old has-been rockers featuring a singer who hasn’t been able to hit his original high notes in almost 30 years. These are the same people, I wager, who believe government should pay for their well-being while they waste big money on concert tickets. Like I said, fools and their money....


7 posted on 01/08/2008 7:55:30 AM PST by NRA1995 (Mr. President and Congress: This is OUR country and don't you forget it!)
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To: stainlessbanner
Take That?

Never heard of them. Any band that wasn't around in the 70's is foreign to me.

8 posted on 01/08/2008 7:56:13 AM PST by Clint N. Suhks (©®™)
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To: NRA1995

“NO musical act is worth that kind of money...”

... to you! I don’t think pickles are worth half a penny but people love em!


9 posted on 01/08/2008 8:06:39 AM PST by SoCal Pubbie
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To: 537cant be wrong; Aeronaut; bassmaner; Bella_Bru; Big Guy and Rusty 99; Brian Allen; cgk; ...

Rock and Roll PING!


10 posted on 01/09/2008 11:19:51 AM PST by weegee (End the Bush-Bush-Bush-Clinton/Clinton-Clinton/Clinton-Bush-Bush-Clinton/Clinton Oligarchy in 2008.)
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