With Formula 1 booming across the world, it comes as no real surprise that tickets to attend a Grand Prix are skyrocketing in price.
With most of the thanks going to Netflix’s F1 series ‘Drive to Survive’, the pinnacle of motorsport is currently enjoying record profits, attendances and an increasing number of countries wanting to host a race; however, this has all come at a price for the ‘average’ fan.
With interest in buying tickets currently being so high, a number of race organisers have substantially increased the price of tickets and packages.
For anybody interested in attending the Mexican Grand Prix towards the end of the season and purchasing a paddock pass, then that’ll currently cost you a few pounds over £6,200.
To put that into some context, that’s 6,200 bags of Haribo’s, 1,052 large Big Mac meals, a second-hand 2007 Mercedes-Benz SLK, or a return business class flight from London Heathrow to Mexico City (with around £1,300 left to spend on F1 merchandise).
The prices are truly breathtaking and equally painful to view; however, the most expensive ticket for the 2023 Monaco Grand Prix is currently only around £4,200, which given the fact it’s Monaco, is somewhat surprising.
The biggest ticket problem at the moment, though, is for the 2023 British Grand Prix, where organisers have increased the price of tickets based on demand.
A number of people have been infuriated with the system used by Silverstone, where a number of people have experienced website crashes whilst trying to purchase tickets.
The worst part of the whole thing is that a number of fans have then re-joined the queue only to find that the tickets they were about to purchase had increased in price, with a clear model having been used by the organisers to gather as much profit as possible.
Thanks to the so-called ‘dynamic ticket system’, general admission tickets which usually cost £100, had skyrocketed to over £300 by the time they’d sold out, with around 210,000 having been in the queue on the day tickets were released.
Fans turned to social media to demonstrate their outrage and anger at the organisers for the ticketing system and the prices, which resulted in the organisers making a formal apology and pledging to improve the ridiculous system.
Issues are also currently surrounding ticket sales for the 2023 Las Vegas Grand Prix, with MGM Resorts planning on buying 20 to 25 million dollars’ worth of tickets, in order to make and sell their own accommodation and packages, according to their CEO William Hornbuckle.