₹3.36 lakh for 1 seat: Reseller prices soar up to 26x as Coldplay concert tickets vanish instantly on BookMyShow

Coldplay fans in India are outraged over inflated ticket resale prices, with many listings reaching 10 to 20 times the original cost. Social media is abuzz with giveaways and complaints about scalpers exploiting the situation following the frenzied sale.

Anwesha Mitra
Published22 Sep 2024, 05:30 PM IST
 <span class='webrupee'>₹</span>3.36 lakh for 1 seat: Reseller prices soar up to 26x as Coldplay concert tickets vanish instantly on BookMyShow
₹3.36 lakh for 1 seat: Reseller prices soar up to 26x as Coldplay concert tickets vanish instantly on BookMyShow(AFP)

Indian fans of Coldplay were left fuming on Sunday as tickets resurfaced on reseller sites amid frantic efforts to secure a seat. Millions had queued up on the Bookmyshow website and app for three shows at the DY Patil Stadium in Mumbai — totaling approximately 1.5 lakh seats. But as tickets ran low and laments filled social media, reseller sites thrived.

Platforms such as Viagogo have since listed tickets at 10 to 20 times the original prices while many other took to social media platforms to sell ‘extra’ tickets that they had purchased. The development came even as Coldplay announced a third show in response to the ‘phenomenal’ demand and millions waited hopefully in queue.

“We implemented a queueing system to manage the overwhelming demand and addressed issues caused by suspicious and malicious traffic within minutes, causing a brief delay, but ensuring minimal disruption for genuine fans. Due to the unprecedented demand, a third Mumbai show was added shortly thereafter, which also received a fantastic response,” said a BookMyShow spokesperson.

This author can add (based on personal experiences) that the ticketing queue had stretched beyond 13 lakh mark as the third show was announced and the second sale commenced at 2:00 pm.

Also Read | BookMyShow crashes as Coldplay concert tickets for India go on sale

A quick perusal of the reseller site Viagogo around this time indicated that standing (floor) tickets initially priced at 6,450 were now being resold for 50,000 and above.

Another seller advertised two Level 2 tickets for the Saturday show (sold on Bookmyshow for 12,500) for a whopping 336,620 each. 

One Viagogo user was also spotted selling Level 1 tickets for 1,056,320 each — a 234x hike on its original price of 4500.

Meanwhile, Lounge tickets for the third Coldplay show on January 21 (initially for 35,000) were listed with prices ranging up to 10 lakh each.

Lounge tickets for the third Coldplay show on January 21 (initially for 35,000) were listed with prices ranging up to 10 lakh each.

A brisk resale of tickets is also underway on social media platforms with hundreds emphasising their willingness to pay ‘extra’ for the chance to see the band live.

“Anyone trying to resell their Coldplay tickets for Mumbai show at obviously inflated prices should have their tickets canceled. Bookmyshow and Coldplay please take strict action,” urged one user.

“The issue of our country is 50% people are booking the ticket to make money and not attend the show. I can see already black selling has started on X…its disgusting,” fumed another.

Several social media handles have also begun announcing ‘giveaways’ and contests for extra tickets. Many of these nearly-identical messages claimed that the additional seats would be shared for free with the winners.

The posts — often shared by blue-ticked X handles — insisted that they had all secured the same four seats (but required only two).

“Some top tier engagement farming going on with the whole ‘I got 4 Coldplay tickets, but need only 2. So like and RT’ racket,” jibed one user.

Also Read | Locked out of lounge services? Adani says ‘now accepting debit, credit cards’

 

(With inputs from agencies)

 

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:22 Sep 2024, 05:30 PM IST
Business NewsNewsTrends ₹3.36 lakh for 1 seat: Reseller prices soar up to 26x as Coldplay concert tickets vanish instantly on BookMyShow

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel share price

    155.25
    03:58 PM | 16 OCT 2024
    -0.4 (-0.26%)

    Tata Power share price

    460.35
    03:58 PM | 16 OCT 2024
    -3.15 (-0.68%)

    Bharat Petroleum Corporation share price

    350.85
    03:57 PM | 16 OCT 2024
    1.65 (0.47%)

    Bharat Electronics share price

    285.65
    03:49 PM | 16 OCT 2024
    -3.15 (-1.09%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Coforge share price

    7,120.75
    10:51 AM | 7 OCT 2024
    -2.4 (-0.03%)

    Vijaya Diagnostic Centre share price

    984.80
    10:51 AM | 7 OCT 2024
    -4.15 (-0.42%)

    Dr. Lal Pathlabs share price

    3,408.00
    10:50 AM | 7 OCT 2024
    -86.25 (-2.47%)
    More from 52 Week High

    Bombay Burmah Trading Corporation share price

    2,519.95
    10:51 AM | 7 OCT 2024
    -245.3 (-8.87%)

    Jubilant Ingrevia share price

    728.55
    10:51 AM | 7 OCT 2024
    -65.7 (-8.27%)

    Triveni Engineering & Indus share price

    426.65
    10:51 AM | 7 OCT 2024
    -35.75 (-7.73%)

    Vodafone Idea share price

    9.08
    10:51 AM | 7 OCT 2024
    -0.72 (-7.35%)
    More from Top Losers

    Astrazeneca Pharma India share price

    7,832.35
    10:51 AM | 7 OCT 2024
    399.85 (5.38%)

    Finolex Industries share price

    280.85
    10:51 AM | 7 OCT 2024
    9.2 (3.39%)

    Macrotech Developers share price

    1,206.20
    10:51 AM | 7 OCT 2024
    34.35 (2.93%)

    JK Lakshmi Cement share price

    797.60
    10:51 AM | 7 OCT 2024
    17.2 (2.2%)
    More from Top Gainers

      Recommended For You

        More Recommendations

        Gold Prices

        • 24K
        • 22K
        Bangalore
        77,405.000.00
        Chennai
        77,411.000.00
        Delhi
        77,563.000.00
        Kolkata
        77,415.000.00

        Fuel Price

        • Petrol
        • Diesel
        Bangalore
        102.86/L0.00
        Chennai
        100.75/L0.00
        Kolkata
        104.95/L0.00
        New Delhi
        94.72/L0.00

        Popular in News

          HomeMarketsPremiumInstant LoanMint Shorts