Have you ever wondered why you have to shell out so much cash for live concert tickets? Contrary to popular belief, recording artists cannot live off their album sales alone. In fact, 80 percent of a band’s annual income comes from touring. They only make a small profit on album sales after managers, producers, agents, record labels and taxes take their cut.
That’s why concert tickets can sometimes cost you an arm and a leg (and why it takes your friends so long to pay you back for their share of the concert tickets).
Here is a list of the five most expensive concert tickets ever, based on average ticket costs.
5. Bon Jovi
Average price: $105.35 (2010)
Bon Jovi’s 2010 world tour resulted in $201.1 million gross revenue, which was more than any other band made that year, according to L.A. Times. Nevertheless, the average ticket cost for that tour still places the band at the bottom of this list.
Bon Jovi is well known for putting on powerhouse, three-hour sets, which may be why fans don’t mind dropping their weekly pay on one night with Jon Bon. The band is versatile and resilient, dropping a country album in 2007 to compliment their rock albums released from 1984 to today.
4. Rolling Stones
Average Price: $136.63 (2005)
One of the oldest and most popular bands around today is without a doubt The Rolling Stones. Age is not a factor for them, as they still tour like they did 20 years ago, and they continue to reap the rewards.
Mick Jagger and his crew hauled in $138.5 million during their “A Bigger Bang” tour, from Fall 2005 to 2006. This hardly comes as a surprise with over one million tickets sold to loyal fans who simply can’t get enough of their ageless musical idols. Needless to say, this band already has the next tour planned for 2011-2012.
3. Paul McCartney
Average Price: $288 (2010)
A former member of the outrageously popular band, The Beatles, Paul McCartney didn’t start raking it in until long after the breakup of the band.
The Beatles’ highest-priced ticket on their American tours was a whopping $8.50 in 1964. Interestingly enough, when adjusted for inflation, that still only comes in at a modest $59. McCartney, however, demands five times that amount now; mainly because he is the last living, non-Ringo link to the greatest band of all time.
2. Barbara Streisand
Average Price: $300 (2006)
As ‘best-selling female artist of all time,’ Barbara Streisand attracts a completely different target audience than other performers, according to USA Today. Hence, her concerts not only sell out, but they result in astronomical ticket prices for special seats, which in turn drives up the average ticket price.
In 2000, Streisand charged an outrageous $1,530 for a front row seat to her concert in Australia, with ticket packages scoring more than $5,500 on stubhub.com. Apparently, Streisand’s fans have deep pockets.
1. Elton John
Average Price: $306 (2008)
Sir Elton John is without a doubt the undisputed king of piano rock, and as such his concerts have never been cheap.
Although he and Billy Joel enjoy touring together, John actually makes more with his solo concerts. This pop music icon sells out baseball stadiums and arenas where ever he goes and fans apparently don’t mind the outlandishly high ticket prices.
Music is the soundtrack of our lives, which is why so many people enjoy it. Regardless of price, some performers are worth seeing live as they deliver once-in-a-lifetime experiences.
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