I was looking forward to seeing Carole King. She's touring with James Taylor, which is an event. They are playing Madison Square Garden June 15th. Tickets go on sale at 11am this morning through Carole King's website.
I've been priced out of the show.
Here is a breakdown of the ticketing fees:
Base Price: $150.00 USD
Facility Fee: $4.50 USD
CaroleKing.com Service Charge: $15.00 USD
Transaction Fee: $4.00 USD
Our Price: $173.50 USD
Paying $173.50 ($23.50 of that in additional fees) for a show at the not-very intimate Garden in this economy is cost prohibitive.
The Garden is charging $4.50 a person/ticket. Capacity for a concert is 20,000, which means they are grossing $90,000 at sell out. They have to be taking a piece of the merchandise, concessions, etc. Do they also get a % of ticket fees? Does not seem like a great deal for the Garden.
Why is there a service charge and a transaction fee?
At sellout, CaroleKing.com will receive $300,000 in processing fees. Seems extreme for what is needed to execute the ticket sales. Tickets have to be picked up at the venue day of show. They are not physically sending tickets to buyers.
Not sure who gets the $4 ($80,000) transaction fee.
Once again, it seems like shows like this are a reality only for hedge fund managers. Too bad. I'm a huge fan of Carole's work. I've never seen her live and would love to, but it won't be on this tour.
I'm off my soapbox.