TICKETS to popular gigs often sell out in a matter of seconds, leaving thousands of fans empty handed.
They are then resold with huge mark-ups on reselling websites sometimes for as much as 370 per cent more than the face value price, according to new research.
Websites like Viagogo, Stubhub, GET ME IN! and Seatwave often have hundreds of tickets for sale a few minutes after a gig has sold out.
Artists including Take That, Robbie Williams, Drake, Little Mix and Olly Murs feature on the list.
For example, the biggest markup found was on tickets to see Michael Ball and Alfie Boe. The most expensive ticket usually costs 83 at face value but those on reselling websites costs up to 390 an increase of 370 per cent.
Other examples include fans hoping to catch a date on the Olly Murs 2017 tour. If they missed out on a ticket then they must pay up to 102 a 281 per cent increase.
Take That fans, on the other hand, have to pay increases of 225 per cent, as the expensive tickets for their shows go from 200 to up to 650 on the resale site
Shopping website Netvouchercodes.co.uk conducted research to demonstrate how some tickets are snapped up by people looking to make a profit out of music fans.
A spokesperson from Netvouchercodes.co.uk, said: Going to see live music today is fast becoming a luxury that only those with the deepest pockets can afford.
Sadly there are some unscrupulous people out there who buy up tickets as soon as they are released without any intention of actually going to the show.
Instead their intention is purely to turn a profit. While we are all for fair enterprise, we believe there is a real danger that these activities could change the face of live music in Britain.
It focused on tickets which were originally sold on Ticketmaster at face value and then resold on GET ME IN! (both websites are owned by Live Nation), as these sites are often cited as market leaders for ticket sales.
It focused on ticket prices on just one day in January but prices tend to change depending on when a gig goes on sale and the popularity of an artist.
Its also important to note that reselling websites are completely legal. The websites do not set the face value price, nor do they set the resale price either.
In fact, they often provide added protection for buyers as they will replace fake tickets and refund sellers their cash if anything goes wrong.
Alternatives do exist. Twickets is a face value reselling website that use PayPal to process transactions.
It promises to refund buyers if a ticket doesnt arrive. Sellers can add a maximum of 15 per cent of the value of the ticket.
Other face value ticket exchange options include Scarlet Mist and Vibe tickets, although these offer no buyer or seller protection.
New rules introduced in March 2015 were supposed to improve transparency in the sector, but the problem for fans still exists.
Late last year the Competition and Market Authority (CMA) announced a probe into ticket reselling websites.
It is investigating how the best seats are harvested and then sold at a higher price before fans can buy them at the face value.
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