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Concert ticket prices are often high due to the immense demand from millions of fans for limited seating. This demand leads to quick sellouts, but many sold-out tickets are later resold on the secondary market at inflated prices. The secondary market, also known as the resale market, contrasts with the primary market, where tickets are initially sold at prices set by the artists and their teams. The primary market generates revenue for the artists and selling platforms through ticket sales and fees, while the secondary market allows previous ticket holders to sell their tickets at higher prices.
