The highest price we’ve sold a Madonna ticket at this month is $1,400. The highest price a Soul2Soul II ticket has fetched this month is $250.
Phoenix, AZ (PRWEB) June 21, 2006
Madonna concert tickets demand a higher price than Soul2Soul II tour tickets on the secondary ticket market. Based on ticket sales from June 1, 2006 to June 8, 2006, the average price of a sold Madonna ticket is nearly three times that of a Faith Hill/Tim McGraw concert ticket. Sales data is provided by TickCo Premium Seating, a leading provider of tickets on the secondary market in business since 1989.
“With Madonna only playing 14 North American dates, compared to Tim and Faith’s 74 North American shows, I guess it’s safe to assume that the principles of supply versus demand are in effect,” says Kris Farmer, Director of E-Commerce at TickCo Premium Seating. Farmer also adds, “The highest price we’ve sold a Madonna ticket at this month is $1,400. The highest price a Soul2Soul II ticket has fetched this month is $250.”
On average, Madonna concert tickets are selling at a dollar amount nearly four times greater than the average Faith Hill/Tim McGraw ticket. TickCo reports early sales data for the month of June has Madonna tickets selling at an average price of $615 each on the secondary ticket market. TickCo also reports that Soul2Soul II tickets are selling at an average of $169 each; also on the secondary ticket market during the same time period.
Farmer also states, “That’s not to say you can’t find Madonna tickets for $250 or even below $200 each. We’ve sold Madonna tickets for as little as $50 a piece this month. However, based on our sales data, on the average, people are paying much more for premium Madonna tickets than they are for Faith Hill/Tim McGraw tickets.”
Soul2Soul II tickets are outselling Madonna tickets in sheer volume. TickCo reports selling twice as many Soul2Soul II tickets as they have Madonna tickets this month. At the time of this report, the numbers were exactly two-to-one in favor of more Tim and Faith ticket sales. However, TickCo’s preliminary reports for June show, even at half the number of tickets sold, revenue from Madonna concert ticket sales outpaces Soul2Soul II concert ticket revenue by 81.54%.
TickCo’s sales data also shows that regional markets have a lot to do with the market price of a resold ticket. Madonna shows at Madison Square Garden in New York, NY are by far the hottest selling shows on her Confessions Tour 2006. Shows at the Garden accounted for 37% of all Madonna tickets sold from June 1, 2006, through June 8, 2006, on TickCo.com. The TD Waterhouse Centre in Orlando, FL appears to be the most popular venue to catch the Soul 2 Soul tour, accounting for 18% of all Soul2Soul II ticket sales during the same time frame.
TickCo Premium Seating’s Tales of Secondhand Sales™ are periodicals released by TickCo to provide secondary ticket sales trends in sporting, concert and theatre events in an entertaining and informative format.
About TickCo Premium Seating.:
TickCo.com is operated by TickCo Premium Seating. TickCo has been in the business of procuring hard-to-find and sold-out tickets to popular events since 1989, serving individual and corporate clients worldwide. TickCo is a privately owned agency that buys and resells tickets on the secondary market. TickCo is not affiliated with Madonna, Faith Hill, Tim McGraw, any artist, any venue, or any venue box office on either the Confessions Tour 2006 or Soul2Soul II tour. For more information, visit http://www.TickCo.com
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