Concert tickets for major London shows are being resold at inflated prices, with mark-ups reaching up to 1,149%. Tickets for Diana Ross and Billie Eilish are selling for 490% and 488% above face value, respectively. Lady Gaga's tickets may reflect a 418% increase, while Oasis and Coldplay also experience significant price inflation. The telecoms firm advocates for a 10% cap on resale prices to combat the £145 million profits made by touts, arguing most resale money goes to sellers rather than artists.
Prices for London concert tickets are being inflated by hundreds of pounds, with resale tickets listed at up to five times their face value, exemplified by a pair originally sold for £97 now at £1,205.
The O2 claims touts are exploiting fans, charging on average five times more than face value for tickets. The current resale rules disproportionately benefit sellers over artists.
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