Formula 1 tickets at a huge discount; Build buzz on Las Vegas prices

Formula 1 tickets at a huge discount;  Build buzz on Las Vegas prices

F1 Las Vegas Grand Prix presentation of the Bellagio Fountain Club. (Photo: MGM Resorts)

LAS VEGAS (KLAS) – Did you buy your F1 tickets too early? Buyer’s remorse is starting to creep in for some people holding onto tickets – or trying to sell them – when they could have gotten them for much cheaper as the race approached.

Social media is abuzz with reports that Formula 1 ticket prices are dropping, with ticket sites like TickPick listing prices as low as $750 for the Saturday, November 18, race.

A three-day ticket was listed at $1,050. This compares to prices that started at $2,000 a year ago. On November 10, 2022, 8 News Now reported that the next round of ticket sales would range from $2,000 to $2,500 for grandstand seating, and $8,000 to $10,000 for shared hospitality areas.

The price decrease comes after modifications in many Las Vegas hotels near the racetrack. Jennifer Jay – aka @VegasStarfish With 1.4 million TikTok fans – he said on social media platform X that hotel room rates are now at their usual weekend rates. “Is this a bad sign for the event or an expected ebb and flow?” she asks.

A CNN report indicates ticket prices are down 35%, with the average admission price falling from $1,645 to $1,060 for grandstand seats. Tickets for the Thursday and Friday practice sessions and Friday qualifying are down by about 50%.

In an interview with 8 News Now earlier this week, Las Vegas Grand Prix CEO Rene Willem said: “We have a few tickets for our own inventory, which we have already booked in several ways knowing that this is a last-minute market.” . “And we wanted to be able to meet those demand requirements when they arrived.”

In early October, some locals were unhappy when Nevada’s discounted rate was restricted to Thursday and Friday events. Two weeks later, a portion of the stands that would have been in the West Harmon area were canceled due to obstructed visibility.

Current prices for Saturday’s race published on the F1/Ticketmaster website include grandstand seating and three premium viewing areas:

  • Tickets for Grandstand near Sphere start at $1,169, with some resale tickets listed for more than $3,000. Several seats are available for $1,169.
  • Tickets for Heineken House (shared hospitality) start at $2,400
  • Sports Illustrated Club tickets (shared hospitality, on the Strip) start at $3,500
  • Paris Zone Club tickets start at $2,750.

All other tickets available were for other seating for single day or multi-day tickets. General admission and private suite tickets are sold out.

Promotional activities surrounding the race will resume this weekend, with cars on display throughout the strip and special events and interactive features appearing.

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