Ticket prices for the “1989 World Tour: Taylor Swift & Vance Joy” have gone above $5,300 in some cities, a sign of the extraordinary demand to see the 25-year-old singer songwriter.
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The demand for the upcoming concert in American Airlines Arena in Miami on October 27 has pushed prices as high as $5,371, for tickets available on Tiqiq. The seats in Section 326 are above and next to the stage. Two tickets are posted at $5,371 each, which the auction site shows at 451% above market price. Tickets much further from the stage are for sale at a price of $426 each, 56% below market price.
Although most of the performances, for the tour that started on May 5 in Tokyo, will be in the United States, it will make stops in West Germany, the Netherlands, Ireland, Singapore, Australia and the United Kingdom. The tour finishes in Melbourne, Australia, on December 15.
Swift is one of those rare miracles that keeps the music industry afloat. Formerly a country singer, she released five albums before the age of 25. Swift has sold 40 million albums. Despite a fight with Apple Inc. (NASDAQ: AAPL) over royalties, Swift’s song download total has crossed 130 million.
Excerpt from Swift’s letter to Apple on free music streaming:
I realize that Apple is working towards a goal of paid streaming. I think that is beautiful progress. We know how astronomically successful Apple has been and we know that this incredible company has the money to pay artists, writers and producers for the 3 month trial period … even if it is free for the fans trying it out.
Three months is a long time to go unpaid, and it is unfair to ask anyone to work for nothing. I say this with love, reverence, and admiration for everything else Apple has done. I hope that soon I can join them in the progression towards a streaming model that seems fair to those who create this music. I think this could be the platform that gets it right.
For the most part, high ticket prices in the United States do not mean high ticket prices overseas. The highest ticket price for the Hindmarsh concert on December 7 is $821, according to Tiqiq.
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