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View Full Version : Reason for the price increase?



Wonderbot
05-15-2012, 10:31 AM
Working on two reasons, which both make sense to me...

1) They want to book a band with a very high price...
2) They're making up the money from purchasing the polo fields.

It's probably #2...

microcuts
05-15-2012, 10:35 AM
Or probably just the fact that everything gets more expensive over time. $13 is hardly a significant jump on a $300+ order.

Neighborhood Creep
05-15-2012, 10:36 AM
There's also such thing as inflation. Also, the area of Indio, etc seems to be demanding more each year.

Wonderbot
05-15-2012, 10:39 AM
I'm not complaining over the increase, I don't care.

I'm just thinking of the reason. They did just purchase the Polo fields, so they'd be out a considerable amount.

mrhand
05-15-2012, 10:44 AM
3) Demand far outpaces supply.

insbordnat
05-15-2012, 10:53 AM
Their purchase of the polo grounds (Eldorado only, not Empire) has nothing to do with it. That investment will be realized over a future period probably driven by cost savings or other forms of revenue, not solely an increase in ticket prices. Real estate purchases such as that aren't going to be break even either - they will want a return on their investment, not just to internalize a cost, unless the savings will really provide them that substantial of a return. They'll get revenues for that land in other times during the year as well.

Like NC mentioned above, since they haven't raised prices in what, 5 years, they are needing to catch up. Everybody's salaries at GV I'm sure have increased >8% over the last 5 years. So has the cost of goods and other services.

My guess is just an inflationary increase, and not solely an opportunistic or one that is driven by Eldorado.

Ardentbiscuit
05-15-2012, 10:54 AM
I heard it was to install the Steve Aoki "Lazy River" raft ride and the lazy river is champagne!

TheRotten42
05-15-2012, 11:14 AM
because of Daft Punk....





Let the flaming / freak-outs begin.

amyzzz
05-15-2012, 11:17 AM
$30 whatever is okay by me if they get Daft Punk. And Stone Roses. :)

yardbird
05-15-2012, 11:35 AM
Everyone gets purple holy fuck Tshirts next year.

captncrzy
05-15-2012, 11:55 AM
Because their fees to the city have increased by about $1.3 million.

Wonderbot
05-15-2012, 12:09 PM
Because their fees to the city have increased by about $1.3 million.

That totally justifies the extra 9 million, if it's true. Not.

sonofhal
05-15-2012, 12:22 PM
$30 whatever is okay by me if they get Daft Punk. And Stone Roses. :)

I saw the Stone Roses on the way to Coachella last year.


Actually, no. That was a different car crash.

insbordnat
05-15-2012, 12:24 PM
So they need to reconcile? Are you suggesting there is no cushion in the excess revenues they are collecting? They need to justify the increase with specific costs? You can't be that ignorant.

amyzzz
05-15-2012, 12:24 PM
ha.....ha

edit: to Stone Roses car accident

luckyface
05-15-2012, 12:26 PM
They could also decide to increase prices because they know they can. Goldenvoice is a business, so no need to be surprised when they try to profit as much as demand allows.

PlayaDelWes
05-15-2012, 12:28 PM
It's litigation reserve for the accident that hasn't happened yet.

frizzlefry
05-15-2012, 12:29 PM
Yeah seeing two weekends sell out in a matter of hours probably just looked like money lost to a lot of people in GV

insbordnat
05-15-2012, 12:38 PM
True, there's no need to leave money on the table, but they also know that festival goers are fickle and you can't be a greedy fuck in this business. There will come a day that Coachella will be like Friendster.

captncrzy
05-15-2012, 12:41 PM
They don't owe any of you an explanation. If you don't want to pay it, don't pay it.

captncrzy
05-15-2012, 12:46 PM
That totally justifies the extra 9 million, if it's true. Not.

Show me your math. If the ticket prices are $30 higher than the presale prices last year and $13 higher than the regular onsale prices, and they sell, let's say 85,000 tickets each weekend....$30 * 170,000 = $5.1 million. Where the fuck is $9 million coming from? And the fee increases to the city are true. All you have to do is look at the contract.


Drama queens.

GuyInTucson
05-15-2012, 12:51 PM
Perhaps that includes the increase in camping prices? Even if it does include that, I don't think you're hitting that 9 million figure. Perhaps I am wrong though and I don't feel like doing the brief math required to figure it out.

Mugwog
05-15-2012, 12:57 PM
Paul T intends to gift an Ivory back scratcher to everyone with an artist or heart pass

Water is now $6

Robin
05-15-2012, 01:01 PM
Perhaps that includes the increase in camping prices? Even if it does include that, I don't think you're hitting that 9 million figure. Perhaps I am wrong though and I don't feel like doing the brief math required to figure it out.

Actually, the car camping pass + fees for 2012 equaled $85, so there's no increase.

JustSteve
05-15-2012, 01:31 PM
It's litigation reserve for the accident that hasn't happened yet.

notice how the ferris wheel carts were enclosed this year? resolved that one, at least.

luckyface
05-15-2012, 01:35 PM
True, there's no need to leave money on the table, but they also know that festival goers are fickle and you can't be a greedy fuck in this business. There will come a day that Coachella will be like Friendster.

So more of a reason to strike while the iron is hot. When the festival does go south, they can go out with a huge clusterfuck bang like Street Scene did in 2009.

heart cooks brain
05-15-2012, 01:52 PM
3) Demand far outpaces supply.

yo.

amyzzz
05-15-2012, 01:54 PM
notice how the ferris wheel carts were enclosed this year? resolved that one, at least.I am generally terrified by ferris wheels, and the one this year was pretty lamesauce, to continue off-topic.

Mugwog
05-15-2012, 01:58 PM
They are adding camel rides from the Ferris wheel to the sahara this year.

GuyInTucson
05-15-2012, 02:15 PM
Actually, the car camping pass + fees for 2012 equaled $85, so there's no increase.

Oh ok. Thanks for the clarification on that.

Mugwog
05-15-2012, 02:17 PM
Someone mentioned in another thread to stop the presses on "Camp" magazine. I agree, it's a fucking waste of paper with very little useful information in it. Why not just give everyone a Vice mag on entry? At least it would be worth glancing thru

Hawkings
05-15-2012, 03:29 PM
They are adding camel rides from the Ferris wheel to the sahara this year.
lol

algunz
05-15-2012, 03:34 PM
I love The Camp magazine. Fuck y'all.

Ardentbiscuit
05-16-2012, 09:38 AM
There's only one reason, it takes a lot of money to take your money.

crazzz2007
05-16-2012, 10:41 AM
3) Demand far outpaces supply.

False. By the time all the wristbands were mailed out, aftermarket tickets prices had pretty much come down to about face value. That means demand is approximately equal to supply.

microcuts
05-16-2012, 10:50 AM
Or it just means that people just don't want to pay over face value for an already expensive event.

crazzz2007
05-16-2012, 10:53 AM
You did not say anything that contradicts what I said. You essentially said the exact same thing I said, but in different words.

PlayaDelWes
05-16-2012, 10:56 AM
False. By the time all the wristbands were mailed out, aftermarket tickets prices had pretty much come down to about face value. That means demand is approximately equal to supply.
Yes...for the month leading up to the fest. But no when there is hype around lineup time. Must consider timing as well. Demand has outpaced supply months in advance while housing is still available, groups are able to plan together, and there's always that option to sell your ticket later.

insbordnat
05-16-2012, 11:08 AM
False. By the time all the wristbands were mailed out, aftermarket tickets prices had pretty much come down to about face value. That means demand is approximately equal to supply.

That's not true either. We're only talking about the prices set by GV (primary market). If demand is high enough, they can charge more, irrespective of whether its scalpers or concert goers. The secondary market prices are a different story. The frenzy that exists at the date of sale, the fear of selling out, etc. will all drive ticket prices higher.

TomAz
05-16-2012, 11:11 AM
Working on two reasons, which both make sense to me...

1) They want to book a band with a very high price...
2) They're making up the money from purchasing the polo fields.

It's probably #2...

The reason there is a price increase is that GV is charging more.

Anything beyond that, you are overthinking it.

PlayaDelWes
05-16-2012, 11:12 AM
Overthinking things on this message board stops now.

Only Tom is shall determine the right amount of think.

TomAz
05-16-2012, 11:13 AM
False. By the time all the wristbands were mailed out, aftermarket tickets prices had pretty much come down to about face value. That means demand is approximately equal to supply.

Your logic is sound but I am not sure the data supports your assertion. I sold my extra VIP wristband for about 150% of face about two weeks before wknd 1.

elChurro
05-17-2012, 09:18 AM
It's to pay for all the free passes the reality show celebrities get, in return for more coverage.

Tikiman
05-17-2012, 09:30 AM
Heck, I'm just wondering if they're selling the tickets early so they can invest that money until next year. Even with a 5% return they'll make mucho buckos.

bloodybeth
05-17-2012, 09:38 AM
New for 2013, the price you see is what you pay prices reflect all fees included.

-KROQ
haha

JustSteve
05-17-2012, 09:42 AM
It's to pay for all the free passes the reality show celebrities get, in return for more coverage.

they don't get free passes. shit, my friend is the guy who runs the festival and i don't get in free. comps are a thing of the past.

philabuster
05-17-2012, 09:55 AM
I just hope they don't raise the price of a bottle of water

elChurro
05-17-2012, 12:10 PM
they don't get free passes. shit, my friend is the guy who runs the festival and i don't get in free. comps are a thing of the past.

"Celebrity" being a key word, I'm guessing you're not. Maybe you should talk to my friend at Capitol, he'll get you in.

elChurro
06-12-2012, 11:26 AM
Some greedy Indio official is proposing an increase sales tax on all festivals (meaning Coachella) if they get their way expect a increase in ticket prices.

Mau5 Boyz
06-13-2012, 04:42 PM
becausez youlzz payz

H_is_O
06-14-2012, 07:47 AM
Does anyone here understand the concept of inflation?

ialvarado2
06-14-2012, 09:26 AM
Two words: inflation.

suprefan
06-14-2012, 10:24 AM
Working on two reasons, which both make sense to me...

1) They want to book a band with a very high price...
2) They're making up the money from purchasing the polo fields.

It's probably #2...

Cause a $20 increase since 2007 is soooooooooooooooooo insane?