BTS's Concert Tickets At Resale Sites More Expensive Than Taylor Swift's Tickets

Tickets for all of BTS's concert stops in the United States and even for the Europe leg have been sold out as soon as it went on sale back in June. But there are still fans who will not let the chance to see the Bangtan Boys on stage pass. Instead, they opted to buy tickets on resale sites even it costs as high as $3,850.

BTS is currently in the U.S. for the North America leg of their Love Yourself world tour. According to CNBC, the most expensive single ticket sold so far for BTS's tour in the U.S. is for the show in Chicago.

Secondary ticket marketplace TicketCity's data showed that a fan from Massachusetts paid a whopping $3,849.38 to watch the "Fake Love" hitmakers on stage. According to the data collected by Event search engine TicketIQ from over 400 secondary ticket sellers, BTS's tickets are selling for $823 on average on the secondary market. That is more than double the average for Taylor Swift's 2018 Reputation tour ticket which averages at $413.

TicketIQ's founder Jesse Lawrence offered an explanation for the huge difference. He said the high price of BTS's concert ticket in resale sites doesn't mean BTS is more popular than Swift. It is all about the law of supply and demand. Lawrence explained that the "Shake It Off" singer performed multiple shows at the biggest venues in several cities whereas BTS is playing fewer shows at smaller venues.

"If you think about it from a supply and demand perspective, there is a lot less supply for BTS than there is for Taylor Swift," Lawrence told CNBC.

But RM, J-Hope, Jin, Suga, Jimin, V, and Jungkook have not also surpassed Swift's record on ticket price on resale sites. The Korean male group has also recently smashed Swift's records of most-viewed video within 24 hours on YouTube for BTS's latest single "IDOL" with over 56 million views. Swift's "Look What You Made Me Do" previously held the record with over 43 million views.

BTS kicked off their Love Yourself concert in the U.S. in Los Angeles on September 5. Fans waited outside Staples Center in tents and sleeping bags for the first day of BTS's concert. The septet will perform in Staples Center until September 9 before moving to Oakland and the rest of major cities in the country and in Canada. The two-night concert in Chicago is slated on October 2 and 3 at the United Center.