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Concert ticket prices are often high due to the significant demand from millions of fans for limited seating at popular events, resulting in tickets selling out quickly. Many of these sold-out tickets end up on the secondary or resale market, where they are listed at inflated prices, often exceeding their original value. The primary market, where tickets are initially sold, involves artists and their teams setting prices and receiving that revenue, alongside fees for ticket-selling platforms. In contrast, the secondary market generates profit for individuals reselling tickets.
