“Hamilton” Secondary Market Ticket Prices Crash

Hamilton Tickets in Trouble. The Show Appears to be Losing Its Edge as Show Competition Grows and the Brand Is Diluted

hamilton an american musicalFor the first time ever, since the mega-musical began performances on July 13, 2015, Hamilton tickets on the secondary ticket market dipped below $300 across the board.  As of today, there are tickets available for Hamilton in NYC for as low as $175 for matinee performances, and $228 for evening performances. In comparison, in May 2016, the average price of a ticket for Hamilton was $1,200, making it the most expensive Broadway show in history.  Hamilton has completely changed the economics for Broadway, demonstrating that in extreme cases, tickets can surpass the $1,000 mark, even on average, in the secondary ticket market. The show was spurred to such heights by a number of factors, among them the great success of the musical’s official cast album, which debuted at number 12 on the Billboard charts, the highest debut of any musical since 1963. Even when Hamilton was Off-Broadway at the Public Theater, the secondary market Hamilton tickets averaged around $200, which is incredibly high for Off-Broadway. However, now over two years into the show’s run, these secondary ticket prices are starting to calm down. Even though this year’s Tony Award winning Best Musical, Dear Evan Hansen, is by no means as historical a hit as Hamilton, it has still diffused some of the show’s momentum.

There are several upcoming shows that will also pose a serious threat to Hamilton’s monopoly at the top of the Broadway charts. In February 2018, the musical adaptation of the Disney animated film Frozen will begin performances. With an already beloved score including such songs as “Let It Go”  and “Do You Want to Build a Snow Man?”Frozen is a surefire hit. Then, in March 2018, Harry Potter and the Cursed Child Parts One and Two will arrive from London to Broadway. Even though this is not a musical, but rather a duo of straight plays, the brand attraction of Harry Potter will definitely lure in hoards of theatregoers, further taking away from Hamilton’s power. Both of these shows represent bigger fish to fry for both ticket brokers and theatregoers. The ticket brokers go where the money is and the smart money has already moved away from Hamilton. Expect to see even lower Hamilton ticket prices in this upcoming Broadway show season.

hamilton on broadway, out of town, on tour and in London

Hamilton Productions in London, Chicago and San Francisco Keep Tourists away from NYC

In addition to the other popular new shows on Broadway attracting fans away from Hamilton, there are other productions of Hamilton now popping up all over the world. For instance, Hamilton is playing in Chicago at the CIBC Theater, formerly named the PrivateBank Theater, in San Francisco at the Orpheum Theatre, and also across the pond in London at the Victoria Palace Theatre. In this situation, theatre fans who live in these cities will not need to travel to New York City in order to see Hamilton. Instead, they can catch this world famous show in all its glory, locally. As the Broadway production no longer has the original cast, with Lin-Manuel Miranda having moved on long ago, the regional and international productions are just as enticing as the home grown New York City production.

In London, Hamilton will begin performances on December 6, 2017 at the Victoria Palace Theatre. While this is two weeks later than originally planned, the delay due to construction work taking longer than expected, as the Brits insist on having their tea breaks, this is still just around the corner; British theatregoers will soon not have to cross the Atlantic to see Hamilton.  According to The Guardian, the early performances of London Hamilton had tickets available on the secondary market for as much as £2,800.  As for San Francisco, the opening night performance on March 10, 2017 had tickets listed for as high as $15,000, for the third floor balcony nonetheless, and the following days performances have Hamilton tickets listed for as high as $3,333. Especially as the San Francisco production is a limited run, which was scheduled to run only until August 5, 2017 at the Orpheum Theatre, Hamilton tickets were particularly in high demand – and Silicon Valley hotshots have money to burn. As Hamilton continues to work its way around the globe, the Broadway production is losing some of its piping hot steam. As demand is drying up, the hyperbolic hype spearheaded by Hamilton’s press representative, Sam Rudy, appears to be on its way out. These lower secondary ticket market prices are an indication of a huge downturn of ticket brokers’ investments, and they show that consumers are less eager to pay way over face value and get ripped off by astronomical ticket broker prizes.

This downturn in secondary market Hamilton tickets price will clearly also have an effect on face value Hamilton tickets price.  The top-priced face value premium ticket is still $849, which was set up on the best seats in the house to return a profit back to the producers of the show and away from ticket brokers, but this will not last much longer with other ticket prices falling.

Hamilton Tickets Price Crash on Stubhub

The Hamilton Touring Production To Visit 44 Cities

There is nothing quite like a US tour to dilute the Broadway brand. Disney is an expert in this, which is why they usually establish the brand on Broadway, close the show when it starts to wane and take the show on tour. The only exception to this Disney rule has been Lion King, that seems to be omnipresent both stateside and internationally, and yet still pack in audiences. Hamilton is trying to do the same thing as Lion King and have it both ways, with tour dates across America scheduled from now until the end of 2019 to include:

LocationDatesTickets
LOS ANGELES, CA
HOLLYWOOD PANTAGES THEATRE
NOW PLAYING THROUGH DECEMBER 30, 2017
SAN DIEGO, CA
SAN DIEGO CIVIC THEATRE
PERFORMANCES BEGIN JANUARY 6, 2018
TEMPE, AZ
ASU GAMMAGE
PERFORMANCES BEGIN JANUARY 30, 2018
SEATTLE, WA
THE PARAMOUNT THEATRE
PERFORMANCES BEGIN FEBRUARY 6, 2018
DENVER, CO
BUELL THEATRE
PERFORMANCES BEGIN FEBRUARY 27, 2018
PORTLAND, OR
KELLER AUDITORIUM
PERFORMANCES BEGIN MARCH 20, 2018
ST. LOUIS, MO
THE FABULOUS FOX THEATRE
PERFORMANCES BEGIN APRIL 3, 2018
SALT LAKE CITY, UT
ECCLES THEATER
PERFORMANCES BEGIN APRIL 10, 2018
HOUSTON, TX
THE HOBBY CENTER
PERFORMANCES BEGIN APRIL 24, 2018
COSTA MESA, CA
SEGERSTROM HALL
PERFORMANCES BEGIN MAY 8, 2018
ATLANTA, GA
THE FOX THEATRE
PERFORMANCES BEGIN MAY 22, 2018
LAS VEGAS, NV
THE SMITH CENTER
PERFORMANCES BEGIN MAY 29, 2018
WASHINGTON, DC
KENNEDY CENTER OPERA HOUSE
PERFORMANCES BEGIN JUNE 12, 2018
DES MOINES, IA
DES MOINES PERFORMING ARTS
PERFORMANCES BEGIN JUNE 26, 2018
CLEVELAND, OH
PLAYHOUSE SQUARE
PERFORMANCES BEGIN JULY 17, 2018
BOSTON, MA
BOSTON OPERA HOUSE
PERFORMANCES BEGIN SEPTEMBER 18, 2018
CHARLOTTE, NC
BELK THEATER
PERFORMANCES BEGIN OCTOBER 9, 2018
AUSTIN, TXPerformances Scheduled for
2018-2019 SEASON
BALTIMORE, MDPerformances Scheduled for
2018-2019 SEASON
BUFFALO, NYPerformances Scheduled for
2018-2019 SEASON
CINCINNATI, OHPerformances Scheduled for
2018-2019 SEASON
COLUMBUS, OHPerformances Scheduled for
2018-2019 SEASON
DALLAS, TXPerformances Scheduled for
2018-2019 SEASON
DETROIT, MIPerformances Scheduled for
2018-2019 SEASON
DURHAM, NCPerformances Scheduled for
2018-2019 SEASON
EAST LANSING, MIPerformances Scheduled for
2018-2019 SEASON
FT. LAUDERDALE, FLPerformances Scheduled for
2018-2019 SEASON
GREENVILLE, SCPerformances Scheduled for
2018-2019 SEASON
HARTFORD, CTPerformances Scheduled for
2018-2019 SEASON
KANSAS CITY, MOPerformances Scheduled for
2018-2019 SEASON
LOUISVILLE, KYPerformances Scheduled for
2018-2019 SEASON
MEMPHIS, TNPerformances Scheduled for
2018-2019 SEASON
MINNEAPOLIS, MNPerformances Scheduled for
2018-2019 SEASON
NEW ORLEANS, LAPerformances Scheduled for
2018-2019 SEASON
OKLAHOMA CITY, OKPerformances Scheduled for
2018-2019 SEASON
ORLANDO, FLPerformances Scheduled for
2018-2019 SEASON
PHILADELPHIA, PAPerformances Scheduled for
2018-2019 SEASON
PITTSBURGH, PAPerformances Scheduled for
2018-2019 SEASON
PROVIDENCE, RIPerformances Scheduled for
2018-2019 SEASON
ROCHESTER, NYPerformances Scheduled for
2018-2019 SEASON
SAN ANTONIO, TXPerformances Scheduled for
2018-2019 SEASON
SCHENECTADY, NYPerformances Scheduled for
2018-2019 SEASON
TAMPA, FLPerformances Scheduled for
2018-2019 SEASON
TULSA, OKPerformances Scheduled for
2018-2019 SEASON
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Carly graduated University Of Toronto, Theatre and Performance program. She has written for various publications including art-speaks, Pembroke Daily Observer, Toronto Star - Performing Arts Section, The Canadian Post and more recently the Village Voice and the New York Daily News. As a member of the Barrow Group, an award-winning Off-Broadway theatre company and performing arts school, her specialties include performance stage production and talent casting.
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