The penultimate Formula 1 race of the season will take place next weekend. Las Vegas is ready to welcome Lewis Hamilton, Max Verstappen and the rest of the Formula 1 circus.
The price rises dramatically
The race in Las Vegas is the most expensive race you can attend during the Formula 1 season.
A week before the race in Las Vegas, tickets are still a bargain.
Just a few months ago, fans had to spend nearly twice what they do today to watch the stars of the hit Netflix series “Drive to Survive.”
– Many may have overestimated the interest in racing in Las Vegas, says Henning Esdal, Viaplay’s Formula 1 commentator.
According to US resale platform TickPick, the cheapest ticket for the main race cost more than $1,600 at the beginning of August. Now the price is just over $1000.
Or 11000 Krone according to today’s exchange rate. CompleteNot free.
– There is a limit
In the days before the main race, the car is also driven. The costs of training and qualification tickets have also decreased significantly.
In fact, these rates have more than halved since August.
The cheapest ticket for Thursday training cost just under $400 in August, while it now costs about $150 to watch the stars run wild.
– There is a pain threshold for people. Although some people will always want to afford it, there is a limit for most people. It helps keep the price down, says Esdal.
To qualify, you had to cash out more than $800 three months ago, while that was one week ago Just Pay just over $300 for the cheapest ticket.
In any case, the prices are much higher than they were initially. The cheapest 3-day tickets started at $500 when they went on sale, which equates to around NOK 5,500 for all days.
Now it costs twice that for a day.
– The prices are very high because they are very popular, explains Isdal.
He adds that dynamic pricing has been introduced, meaning prices vary according to supply and demand. This led to tickets being purchased, which could then be sold at a higher price as the race approached.
As a result, costs quickly become more expensive than the starting point.
– Prices are starting to become unacceptable, continues Isdal.
You could touch Vettel
This year’s Formula 1 season has been almost as exciting as in the past. Max Verstappen was in the class by himself. The Belgian has more than twice as many points as the next man on the list, teammate Sergio Perez.
With his win in Las Vegas, Verstappen will also equal Sebastian Vettel’s 53 Grand Prix victories. However, it is a short distance to Hamilton’s 103rd.
The race in Las Vegas will be the first race in the city in more than 40 years.
-We can expect a great show with a lot of celebrities. It will be a festival-like weekend, as we know Americans, concludes Isdal.
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