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Concert tickets often become extremely expensive due to high demand from millions of fans for a limited number of seats. This discrepancy leads to many tickets selling out quickly. However, a significant number of these sold-out tickets end up on the secondary or resale market, where prices can soar well above the original costs. The primary market, where artists and their teams set initial ticket prices and receive the proceeds, contrasts with the secondary market, which involves reselling tickets and can lead to inflated prices. This dynamic explains the high costs associated with attending major concerts.
