Oasis Tickets Are Selling For $7,000

0
29

Oasis recently announced that they will have a reunion tour. Fans, many of whom have waited 15 years for the band to reunite, are racing to secure a spot at the reunion tour next year after tickets went on sale Saturday. They’re being met with ticket prices many times over the pricing set by the band.

Oasis tickets on secondary resale

Taking note of the excessive pricing on third-party sites, the band is cautioning buyers that tickets can only be resold at face value through two online sellers: Ticketmaster and Twickets.

“Tickets appearing on other secondary ticketing sites are either counterfeit or will be cancelled by the promoters,” the band’s account tweeted on Saturday.

It was their second warning in two days since presale began on Friday. Oasis led by brothers Noel and Liam Gallagher, are set to play 17 dates in Cardiff, Manchester, London, Edinburgh and Dublin starting July 4.

It has come to light that more than 1 million tickets went on sale on Saturday morning, as per The Associated Press. Prices are starting at just under the equivalent of $100 (74 pounds) and going up to $666 for a package that includes a pre-show party and merchandise.

However, face-value ticket prices sold through Ticketmaster are not necessarily fixed price and can change, due to the company’s “dynamic pricing” system, where prices rise in line with demand. Some tickets on the platform rose to more than quadruple the starting price, with the lowest (standing room tickets) later costing $466 before fees.

By Saturday afternoon Eastern time, all gigs had sold out. “Please check back later as more [tickets] may be released,” read a note on Ticketmaster.

On third-party resale websites such as StubHub and Viagogo, plenty of tickets remained available for purchase. Some single tickets were going for well over $7,000, 70 times their original price, several hours after the band issued its warning to resellers.