Forbes: Will CM Return Drive Up Prices

[michelej1]

Forbes 3/28/2014 @ 5:55PM |4,375 views
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Will Christine McVie's Return Impact Prices For Fleetwood

For the first time in fifteen years, Fleetwood Mac will be touring with keyboardist Christine McVie. McVie joined the band in 1970 after guitarist Peter Green had quit. At the time, McVie was married to Fleetwood Mac bassist John McVie. Since her departure from the band in 1990, Fleetwood Mac has toured mainly as a foursome. Along with the announcement of McVie returning, the band announced a 34-show, 33-city tour starting September 30 and running through December 20.

Fleetwood Mac tickets for the ‘On With The Show’ Tour don’t go on sale to the general public until April 7, but tickets have already popped up on the secondary market at a high price. A limited amount of tickets for each date have gone on the secondary market with a current tour average of $431.12. The price is well above the band’s 2013 tour, which averaged $281 on the secondary market across the tour.

The only two-date stop the band will make is on September 28 and 29 at The Forum in Inglewood, California. Fleetwood Mac Forum tickets have an average price of $474.97 and are currently the eighth and ninth most expensive shows on the tour. The most expensive show from the early secondary market returns comes October 6 at Madison Square Garden. Fleetwood Mac New York tickets currently have an average secondary market price of $515.83. That’s less than half the price of what the band’s show at MSG was during their tour last year. By the time of the concert on April 8, the average price had shot up to $1,281 on the secondary market. It’s unlikely prices reach that level again, but prices on the secondary market will rise initially when tickets are released to the general public. Only one other show on the tour last year peaked at over a $500 average, the May 25 show at the Hollywood Bowl, and the early demand suggests this tour will easily pass the $500 average on more than two shows. Four 2014 shows already have a higher average than the second most expensive show in 2013.