As 2014 Glastonbury tickets go on sale prices once again RISE – Tickets prices have DOUBLED in just 10 years and FALL in terms of gold
Back in 2011 we wrote a piece about Glastonbury Festival ticket prices – and the fact that they keep going up in price way faster than the stated 2% inflation target by the Bank of England:
Spare a thought this weekend for those intrepid revelers who have made the journey down to Pilton this weekend for Glastonbury Festival. Not because it looks set to be yet another mud bath, not because man can not live off doughnuts and Stella alone and not even because U2 are headlining on Friday. No, spare a thought because of the cost.
This year for the ‘privilege’ of camping in a muddy field, getting soaked to the core basking in a typical English summer’s day whilst listening to one of the worst lineups in living memory, has set people back a staggering £205 (including booking fee and postage) and this is before the £20 car-parking fee. It wasn’t always the case where you have to re-mortgage the house just to goto an English festival.
In fact the very first Glastonbury in 1970, where you could listen to Marc Bolan, he of T.Rex fame, cost the princely some of £1. Oh, and of course all the milk you could drink was free from the farm. In today’s money, according to the BoE’s ‘under’-inflation calculator, that’s the equivalent of about £12.
1981 marked the first Glastonbury that would be recognisable today and is widely seen as the first Glastonbury proper. Michael Eavis was at the helm and the Pyramid Stage was made a permanent fixture. New Order headlined and judging from the pictures it looked like it rained that year too. The cost for the 18,000 or so in attendance who didn’t ‘jump the fence’? £8 – that’s about £23 in today’s money. Interestingly the 1981 festival was put on in support of CND and £20,000 of the money raised from the festival when to help their campaign – how times change.
By 1986 the Cure and Madness were playing and this time £130,000 was raised by the 60,000 or so in attendance for CND and local charities. The price of admission in ’86 was £17 – or about £40 in today’s money. 1993 saw the £50 ticket barrier broken for the first time coming in at £58. Although with The Orb, Velvet Underground and Rolf Harris on stage some might say it was worth it. This time £250,000 was raised for Greenpeace and other charities. In today’s money the ticket would have set you back some £95.
By the time 2003 rolled around 150,000 were paying over £100 to see the likes of De la Soul, Flaming Lips, Jimmy Cliff, Moby, Radiohead, REM and the The Darkness. In today’s money that is about £125. Over the next 9 years we can see inflation really start to bite with the cost of a ticket rising some 100% by 2011. That’s about a 10% annual inflation rate – so much for the BoE’s 3% they claim over the same period.
So fast forward to today, what is the cost for the pleasure of the possibility of getting trench foot, whilst listening to a line-up these day’s so ‘commercial’ (**cough** Jay-Z ***cough***) it makes the Smash Hit Poll Winners Party from the 90’s look like the cutting edge of music? £215! Yes, it really does cost that much now. Just back in 2003 the price of a ticket was ‘only‘ £105 – which means that in just 10 years the price of a ticket has doubled. Which gives a ‘real‘ rate of inflation of 8% ANNUALLY – year-in year-out. This ‘feels’ much more like a true rate of inflation rather than the garbage churned out by the government.
But if we take a look at Glastonbury tickets priced in gold we can see that they are actually back to 1992 prices – a time when Primal Scream was headlining and the idea of financial crash, just some 16 years later, merely a twinkle in a central banker’s eye.
Last week we showed that Lottery tickets prices were set to double – which gave a ‘real’ rate of inflation for the past 20 years of 3.7%. Today it’s Glastonbury tickets showing a rate of inflation of 8% for the past 10 years alone. Don’t be fooled by the CPI numbers – they’re just simply a tool of government to try and CONvince you that inflation isn’t a problem – we think otherwise.
Link to this article: : http://www.goldmadesimplenews.com/gold/as-2014-glastonbury-tickets-go-on-sale-prices-once-again-rise-tickets-prices-have-doubled-in-just-10-years-11899/