LAS VEGAS (KLAS) — The “get-in” price for Saturday night’s F1 Las Vegas Grand Prix is $772 as of Monday at noon, $22 higher than prices on Friday, according to TickPick.com.
The website’s 18 “A+” deals ranged from $772 to $1,600.
Prices are still moving, and the overall trend is clearly to lower prices on the “bid-ask” marketplace on TickPick. The ticket company calculates the prices have dropped an average of 63% in just the past month.
The three-day ticket price is still far higher than any other F1 event this year, as @ESPNF1 points out in a video graphic on X.
Social media posts continue to describe F1 as an event for the rich, questioning the decision to bring the race to Las Vegas in the first place.
Information released by TickPick Monday shows the decline from prices a month ago:
- Thursday “get-in” price now at $128 – a 66% decrease from the cheapest ticket sold a month ago ($385) and a 13% decrease since last Wednesday ($148).
- Friday “get-in” price now at $235 – a 71% decrease from the cheapest ticket sold a month ago ($825) and a 24% decrease since last Wednesday ($312).
- Saturday “get-in” price now at $772 – a 53% decrease from the cheapest ticket sold a month ago ($1,645) and a 27% decrease since last Wednesday ($1,060).
When ticket prices came out last year, a single-day ticket to Saturday night’s race was $1,622, according to TickPick. The current price represents a 52% decrease.
Locally, a ticket broker acknowledged having a similar experience when it comes to unloading some of the more expensive tickets.
“Some of the things could probably have adjusted and may adjust some more in the next couple of days or perhaps next year or the next couple of years,” Ken Solky, owner of LasVegasTickets.com, said.
8 News Now contacted Solky to help address an issue with transferring tickets from Ticketmaster. One ticket owner who purchased seats at Sphere said they could not effectuate a transfer.
The transfer button on Ticketmaster’s website does not illuminate. There is a link asking, “Why Can’t I Transfer My Tickets?” and the pop-up answer is, “Resale for this event has not been turned on by the Event Organizer.”
Solky and his staff were able to transfer the tickets to their queue with no problem. Additionally, a spokeswoman for the Las Vegas Grand Prix said if there is an issue transferring tickets, it is not an issue related to the event organizer, Formula 1.
In a statement, the Las Vegas Grand Prix said, in its entirety:
“Las Vegas Grand Prix, Inc was able to confirm that the resale function is on for guests to manage and sell their ticket. The only exception is paddock club because those are physical tickets and not available digitally on the app. The function was tested by the Las Vegas Grand Prix team and there weren’t any issues or errors when attempting to transfer tickets.”
A call to Ticketmaster, when you dial the number provided for issues like this, goes to a voicemail that is at capacity and one cannot leave a message. Ticketmaster’s media relations website warns its viewers that it “Does not handle any ticketing inquiries,” instead directing browsers to “your local customer service team.”