Fare Thee Well Grateful Dead 50 Tickets Sell Out In An Hour

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UPDATE: Fare Thee Well organizers have posted the following statement:

Thank you to all of the Deadheads for the amazing support that you have shown for the Fare Thee Well shows in Chicago! This morning you broke Ticketmaster’s on-sale record when nearly half a million of you queued up to buy tickets. If you do not have tickets, please know that we are working on various ways to help everyone experience these shows in a way that will help you share this special moment with us. Stay tuned, and thank you for showing your love, we feel it!

UPDATE 2 3/2 12 p.m. PT: There’s a few new details revealed in a just-published Billboard article. First, Billboard reports capacity is 70,000 per day and also that “requests for tickets are believed to be in the millions.”

Tickets for Fare Thee Well Celebrating 50 Years Of Grateful Dead went up for sale today via Ticketmaster and sold out in an hour as per Chicago’s WXRT. The demand for tickets to the shows has been unprecedented with a StubHub agent telling Mashable it’s the biggest concerts he’s seen.

“I’ve been doing this nine years, and I would say this is going to be the biggest one I’ve seen,” the StubHub agent who wouldn’t give his name told Mashable. “The Super Bowl is always going to be bigger than anything. But this is definitely the biggest concert. By far. By far.” The prices on StubHub seem to corroborate the agent’s statement as the cheapest tickets for each show on the site are hovering around the $600/$700 range as of press time. Forbes reports that the average price of tickets listed on the secondary market are “reaching upwards of $2,000 each night between July 3 and 5.”

Here’s the breakdown of those figures from Forbes:

As tickets continue to flood the secondary market, the average price for Grateful Dead tickets on TiqIQ is $2,083.71. The most expensive of the three shows will be tickets for the final Grateful Dead show on July 5, with an average price of $2,143.27 and a get-in price starting at $644. The Grateful Dead’s first concert on July 3 owns the second highest secondary average at $2,097.71 and the get-in price is $620. The middle concert on July 4 will be the cheapest, though tickets still average at an astronomical $2,021.29 on the secondary market. The least expensive ticket that night is priced at $599. For the biggest Deadheads, a three-day Fare Thee Well pass will be pricey, but might also return the best value. With limited passes available on the secondary market, the average price for a three-day pass is $4,493.63 with the cheapest passes available listed at $1,457. That’s about the average price of two single shows.

So what does a Deadhead who doesn’t want to pay an arm and a leg to attend the shows do? We suggest keeping your eyes out for re-releases. Also, put a listing on CashOrTrade.org. As we get closer to the shows and people figure out their plans, extra tickets may surface so reach out to any friends and call dibs now. Additionally, there’s the possibility Fare Thee Well will be simulcast and/or webcast. Beyond that, there are plenty of other concerts taking place that weekend around the country some of which have a Grateful Dead-tint.