Why is official platinum so expensive?
Asked by: Tatum Schroeder | Last update: May 24, 2025Score: 4.4/5 (43 votes)
Are official platinum seats better?
Let's look at what the official blurb says about Platinum tickets. According to the company, “Ticketmaster Platinum tickets are premium tickets….” Ok ok, stop right there. We've established that they are standard tickets — they just have a higher face value assigned to them by Ticketmaster!
Why is platinum so expensive?
Platinum is expensive for several reasons: Rarity: Platinum is much rarer than gold. It is estimated that about 20 times more gold is mined each year compared to platinum. This scarcity drives up its value. Mining Challenges: Extracting platinum is more complex and labor-intensive than other precious metals.
What does official platinum on Ticketmaster mean?
Definition and Purpose
Official Platinum Presale is a program offered by Ticketmaster that provides fans with access to some of the best seats in the house before the general public. These tickets are dynamically priced based on demand, similar to how airline tickets or hotel rooms are priced.
Can you resell official platinum tickets?
Replying to @semmlerlouise Official Platinum tickets are not resale tickets.
Platinum Vs Palladium | Why Platinum May Win!
Can you refund platinum tickets on Ticketmaster?
Purchased tickets through Ticketmaster are non-refundable. This also applies when you have chosen Klarna as payment method. If the event is cancelled, the ticket is refunded according to the promoter's guidelines and within 60 days after the date of the event. The service charge is not refundable.
Can you resell platinum?
If you have platinum jewellery, coins or scrap platinum (such as dental fixtures) in your possession that aren't used or wanted, having them valued and selling them on can be a great way to generate a significant amount of money.
Why are platinum tickets more expensive?
On its website, Ticketmaster describes its "Platinum" tickets as those that have their price adjusted according to supply and demand.
What are tiers on Ticketmaster?
It's the price based on time. The first tier is the lowest price and is for those who buy tickets first. Tier two is the next phase and are slightly more expensive. Tier three and so on are similar until they are all sold out.
What is the difference between gold and platinum ticket?
Compared to a Platinum Ticket, a Gold Ticket to Hollywood only allows a contestant to move onto the first round of Hollywood Week. Only a select few Platinum Tickets” are given out each season. Season 20's Platinum Tickets were given out to Hunter Girl, Kenedi Anderson, and Jay.
Is platinum worth buying?
Like gold, platinum is thought to be a worthy investment, as you're highly unlikely to make any kind of loss. However, it isn't completely risk-free. As with anything, the price can fluctuate depending on demand.
Is platinum worth the extra money?
As we've already detailed, platinum is a low-maintenance metal, making it a better-value investment in the long run despite the initially high price. It also manages to maintain its color naturally and without much upkeep, which allows for the metal to age beautifully.
What is so special about platinum?
And with a melting point of 1,768 degrees Celsius, platinum is also much more durable than gold or silver, and highly resistant to tarnishing, corrosion and wear — making it a highly sought-after metal for jewelry, electronics, and industrial and medical applications.
Can you resell tickets on Ticketmaster?
Select your order in My Events. Tap Sell and Sell Your Tickets. If you receive a message that the Event Organizer hasn't activated resale, your tickets aren't eligible for resale or Ticketmaster isn't the primary ticket provider. Select the tickets you want to sell and tap Continue.
Which is the best seat in a concert?
If you're sitting in the front row, you'll probably be looking up most of the time and may get a sore neck. The second or third row is often better than the front row. If you want to choose the front row, consider sitting to the right or left instead of the center, as you will likely have a clearer view of the stage.
How do you get preferred seating on Ticketmaster?
Once your Card is connected, your eligibility for American Express Preferred Seating will be saved to your Ticketmaster account, and Preferred Seating will be automatically unlocked for you for eligible events when you're logged in to Ticketmaster.
What's the difference between standard and official platinum tickets?
Platinum Seating Explained
Platinum tickets cost more — often significantly more, than standard seats but are no different in terms of comfort, privacy or customer experience.
What is the point of platinum tickets Ticketmaster?
Platinum Tickets give fans the opportunity to purchase the most in demand tickets to an event, at a market-driven price. A number of the tickets is set aside for this purpose by the artist or promoter. These tickets provide the fans guaranteed access to the areas that are most in demand at the time of purchasing.
What do the different color seats mean on Ticketmaster?
Blue means the section has seats that match your search. The darker the blue color, the more tickets in the section that match. Gray means the section is sold out or doesn't have seats that match your search.
Are official platinum tickets VIP?
Platinum tickets are not part of any VIP package and do not include additional services or merchandise.
Why is platinum so expensive right now?
For many years, platinum was indeed more expensive than gold, solidifying its reputation as the pricier metal. Prestige and rarity: Platinum is 30 times rarer than gold, found in only a few locations worldwide. This rarity has historically driven up its price and prestige, making it synonymous with high-end luxury.
Why is platinum getting cheaper?
While gold is considered a more stable investment option, platinum prices tend to fluctuate more due to its industrial uses and market dynamics. In recent years, platinum prices have been affected by the rise of electric vehicles, as they do not require catalytic converters, the primary industrial use for platinum.
Who buys back platinum?
If you're considering selling your platinum, Bullion Exchanges is your go-to destination. As a leading precious metals dealer with a strong reputation and top ratings, we specialize in purchasing platinum in various forms, including coins, bars, and even platinum scrap.
Should you buy platinum?
If you're looking for a way to diversify your portfolio with a metal that has both industrial significance and growth potential, platinum could be a valuable addition. However, it's important to consider the potential risks, including price volatility and VAT implications.