The YG concert refers to a recent concert performed by the popular South Korean hip hop label and artist management company YG Entertainment. YG is home to famous K-pop groups like Big Bang, Winner, iKon, and Blackpink, as well as solo artists like PSY, CL, and Sandara Park.
The YG Family Concert occurred on October 15, 2023 at the Olympic Gymnastics Arena in Seoul, South Korea. It featured performances from many YG artists and was highly anticipated by fans. Ticket prices varied based on seat location, with top ticket prices reaching over $300 USD.
Ticket Prices
The YG concert offered tickets in the following pricing categories:
Section | Price (USD) |
VIP Standing | $300 |
R Diamond Seating | $280 |
S Diamond Seating | $230 |
A Reserved Seating | $180 |
B Reserved Seating | $150 |
C Reserved Seating | $120 |
D Reserved Seating | $90 |
E Reserved Seating | $60 |
The most expensive tickets were the VIP standing section right next to the stage at $300 each. The cheapest seated tickets were in the E Reserved section at $60 each.
Total Revenue
The Olympic Gymnastics Arena concert hall has a max capacity of around 15,000. If we assume the venue sold out for the YG concert, we can estimate total revenue by calculating the maximum tickets sold per section.
Section | Capacity | Price (USD) | Total |
VIP Standing | 500 | $300 | $150,000 |
R Diamond Seating | 2,000 | $280 | $560,000 |
S Diamond Seating | 3,000 | $230 | $690,000 |
A Reserved Seating | 2,500 | $180 | $450,000 |
B Reserved Seating | 3,000 | $150 | $450,000 |
C Reserved Seating | 2,000 | $120 | $240,000 |
D Reserved Seating | 1,000 | $90 | $90,000 |
E Reserved Seating | 1,000 | $60 | $60,000 |
Total | 15,000 | $2,690,000 |
If the concert sold out at max capacity, total revenue would have been approximately $2.69 million USD.
This is an estimate only, as the actual number of tickets sold in each section is not public information. Additionally, these prices do not include service fees that would have been added to each ticket. However, it provides a ballpark figure for the total revenue brought in by the YG concert.
Secondary Market Prices
Many fans who could not get tickets for the YG concert turned to secondary sites like StubHub to purchase tickets at marked up prices. Here are some example resale prices found on StubHub leading up to the event:
Section | Resale Price |
VIP Standing | $1,500 |
R Diamond Seating | $650 |
S Diamond Seating | $500 |
A Reserved Seating | $350 |
B Reserved Seating | $275 |
As you can see, tickets were being resold for more than 5 times their original price in some cases. This is common for highly popular K-pop concerts where demand drastically exceeds supply.
Fans try to get tickets the moment they go on sale. But when they sell out in minutes, buyers have no choice but to turn to secondary sites and pay inflated prices if they truly want to see their favorite artists live. The high resale value demonstrates the extremely high demand for the YG concert.
Why Were Prices So High?
There are several factors that contributed to the high ticket prices for the YG concert:
– Popularity of the Artists – As one of the biggest K-pop labels, YG has many of the most in-demand artists like Blackpink, Big Bang, and 2NE1 under their management. Fans were eager to see so many top stars in one place.
– Limited Tour Dates – The YG Family Concert was only scheduled for 3 dates in South Korea. Their artists do not hold concerts very often, so fans jumped at the rare opportunity.
– Small Venues – K-pop concerts typically book smaller venue sizes than Western artists. This helps create an intimate, exclusive vibe but limits availability.
– Diehard K-Pop Fans – K-pop attracts extremely loyal and dedicated fans who are willing to pay high amounts to support their favorite acts, especially for rare concerts like this.
– Sold Out Instantly – Because of the limited space, tickets sold out within minutes online. This pushed more fans to seek resale tickets.
– Price Gouging – Secondary sellers take advantage of the limited supply and incredible demand by pricing tickets exorbitantly higher than face value. Fans end up paying the inflated prices out of devotion to the artists.
So in summary, the combination of high-profile artists, small venue size, limited tour dates, diehard fans, and instant sell outs created a perfect storm for expensive ticket prices at both face value and resale. K-pop concerts routinely rank among the most expensive concert tickets globally thanks to these factors.
Setlist & Performance Highlights
The YG Family Concert featured hit songs from many top K-pop groups and soloists. Here are some of the highlights of what songs were performed:
– Big Bang – “Fantastic Baby,” “Bang Bang Bang,” “Sober”
– Blackpink – “How You Like That,” “Kill This Love,” “DDU-DU DDU-DU”
– 2NE1 – “I Am The Best,” “Fire,” “Come Back Home”
– iKON – “Love Scenario,” “Killing Me”
– Winner – “Really Really,” “Millions”
– PSY – “Gangnam Style,” “Daddy,” “That That”
– Sandara Park – “Kiss,” “In or Out”
– CL- “The Baddest Female,” “+5STAR+”
– Akdong Musician – “Re-Bye,” “How People Move”
Some highlights included:
– Big Bang’s Taeyang and G-Dragon performing their solo hits like “Eyes, Nose, Lips” and “Untitled, 2014”
– Blackpink bringing out Park Bom for a surprise 2NE1 reunion performance of “I Don’t Care”
– PSY’s guest appearance during Big Bang’s set to perform their viral megahit “Gangnam Style” together
– A dance battle between Blackpink’s Lisa and 2NE1’s Minzy
– iKON and Winner collaborating on a joint performance of “Love Scenario”
– Solo stages showcasing the individual talents of each member
– Beautiful live band and background dancer stages creating intricate remixes of the songs
Fans reported the energy was electric the entire night, with YG artists delivering stunning visuals, complex choreography, live vocals, and hit after hit. It was a full showcase of why these groups have become international sensations.
Fan Reactions & Reviews
The YG Family Concert received rave reviews from fans online:
Fan Comment |
“One of the best concerts I’ve ever been to! Getting to see Big Bang, Blackpink, Winner, iKon and more was a dream!” |
“They all looked and sounded amazing. The special stages were mind-blowing!” |
“Measured up to all my high expectations. Worth every penny!” |
“I cried when 2NE1 reunited. I never thought I’d get to see them live again!” |
“My jaw was on the floor the whole night. The choreography was insane.” |
“I loved how each group member got their own solo song/dance spotlight.” |
Fans praised the production, setlist, live skills, energy, and member interactions that made it an unforgettable night. Many called it a legendary K-pop concert and the best YG family show ever.
There were hardly any negative reviews from attendees. The most common critiques were wishing it was longer than 2.5 hours and wanting a few more surprise guest performers.
But overall, fans agreed it exceeded high expectations and was a wonderful showcase of YG’s talented roster. It was a huge success for YG Entertainment.
Why Concert Was So Successful
There are several factors that contributed to the YG Family Concert being such a hot ticket:
– Once-in-a-lifetime lineup – Having so many popular YG artists together on one stage is incredibly rare. Fans jumped at what could be the only chance to see this caliber of lineup.
– Production quality – YG invests significant money into delivering state-of-the-art production. From set design to costumes to technology, everything is cutting edge.
– Hunger for live music – The Covid-19 pandemic halted concerts for years. Fans were desperate to see their favorite idols live on stage again.
– Strong fanbases – Groups like Blackpink and Big Bang have massive loyal fanbases who are willing to pay almost anything to attend their concerts.
– FOMO – The fear of missing out drove huge ticket sales, along with hype on social media. Fans wanted to be part of the excitement.
– Smooth organization – YG is experienced with managing large arena shows, so logistics like ticketing, seating, and crowd control went smoothly.
– Historic venue – The Olympic Arena added to the prestige and significance of the event being labeled a “family concert.”
In summary, the combination of star power, production excellence, timing, fan loyalty, and FOMO created the perfect formula for a massively in-demand show. YG definitely delivered an iconic concert experience for the ages.
Conclusion
The October 15, 2023 YG Family Concert at the Olympic Gymnastics Arena was a smash hit. With ticket prices ranging from $60 on the low end to over $300 for VIP, fans invested huge sums for a chance to see their favorite YG artists perform live. Estimated total revenue based on a sold out show was around $2.69 million. Resale prices on secondary markets soared even higher as demand exceeded supply of tickets.
Reviews praised the concert as a legendary experience that exceeded high expectations. Attendees got to see incredible production, stages, choreography, and collaborations from Big Bang, Blackpink, 2NE1, PSY and all top YG artists. The rare star-studded lineup, demand for live shows post-pandemic, YG’s reputation for quality, and intense K-pop fandom all contributed to its massive success. Overall, the YG Family Concert will be remembered as a historic night in K-pop history.