F1 Silverstone 2023 Tickets on Sale Today!

F1 Silverstone 2023 Tickets on Sale Today!

Author
Discussion

Dazzled

192 posts

207 months

Tuesday 20th September
quotequote all
Formula 1 is a product and the circuits are selling an opportunity to see that product. It’s a product that currently is very popular so the market price for that product is high as ultimately access to see that product ie the number of seats available is limited.
Like it or not Silverstone have played a blinder here but it’s their business and they’re entitled to do so after all they are paying a hefty sum to host the event and their income avenues from it are limited as revenues from TV hosting, trackside advertising etc are taken by Liberty Media. They’ve put in more seats to gain more revenue, raised prices to maximise their take per seat and introduced aggressive dynamic pricing to hype up demand. The ticketing system issues were not planned but served to add to the hype.
Ultimately though the product, Formula 1, has to deliver. It has to be something that people want to see and these things tend to run in 5 year cycles. Currently with Drive to Survive, Max vs Lewis, Red Bull as the pantomime villains, Ferrari as the perennial under achievers, social media savvy drivers like Nando and Lewis the product is very popular.
Like it or not Lewis is a super star amongst British F1 fans but he’s not going to be doing this much longer so see him while you can.
At the point the quality of the show diminishes the value of the product will reduce. This has happened in Moto GP where there’s now no Rossi or Marquez to bring in the crowds and no British riders in the top series to get behind. Not even a plucky British underdog. The Sunday MotoGP crowd at Silverstone this year was only 40,000 and a day ticket, even though it is way below F1 prices doesn’t represent value for money.
When this happens the pricing structure for the tickets will have to change to attract more people back in.
For me the current cost of an F1 ticket works out at about £10 per hour for the 3 days. I don’t have to pay for parking, camping or even food and drink if I choose. That is not bad value to me and I’m willing to pay it,
At the point where the product, the quality of the show diminishes and my interest in it wanes then I may well decide not to pay to visit. That will be my choice. My choice is not driven by whether or not the average Joe can afford to go. I’ll not boycott the event because it’s priced out large numbers of people. You’re a long time dead so make your choices and enjoy yourself while you can.



paulguitar

17,139 posts

94 months

Tuesday 20th September
quotequote all
Dazzled said:
I’m non Aston - Eton educated.
I was brought up being told that if you want something you save up and buy it, don’t ever assume someone is going to gift it to you or you are entitled to it.
That's all really touching. The way things are going you'll only have your Eton buddies to chat to while you're there.

LukeBrown66

2,822 posts

27 months

Tuesday 20th September
quotequote all
Agreed

I have no interest in British people doing well, it has zero influence on me wanting to attend anything, but as with many things I am in the minority there. I think the MotoGP lack of interest, and the Classic by the way which had very poor crowds or so it seemed was simply people choosing one event over three.

If people are fickle enough to not attend a meeting simply because of local riders that suggests to me a fickle interest in the sport, Silverstone should have known that and dropped prices as a result, I now it is a balancing act between revenue and hosting fees etc, but 40k is a terrible crowd and a considerable drop off. But they may have made a profit.

F1 at the moment is its own machine it seems incapable of not making billions so you roll with it, if people are happy to pay it fair enough, I only have to hope that if the interest wanes as it has with MotoGP, Silverstone react accordingly and predict it or they might back where they were a few years ago, allegedly scraping around for scraps!

satfinal

2,164 posts

143 months

Tuesday 20th September
quotequote all
Turn7 said:
Hasnt F1 been like this for many years now though ?
Not really, things have definitely started to get worse in the last ~5 years. Just like almost everything else, people involved want infinite growth+drastic cost cutting or it's deemed an irredeemable failure that needs to be killed off. And here we are. There's still a few cheaper holdouts on the mainland, but it's shrinking.

If you had to wait 20 minutes to buy your silverstone tickets, the price went up £100. That should not be supported in any capacity, rich or poor, Eton educated or not.

number2

2,720 posts

168 months

Tuesday 20th September
quotequote all
I was planning to go to Zandvoort this year. I found flights and a hotel... but I hadn't bought tickets and being out of touch hadn't realised tickets these days sold out immediately, so of course we couldn't attend. I was on the email list for notification of when tickets were available but didn't receive an email.

Just checked again for 2023, and of course I'm too late again biggrin. There was a ticket ballot between 2nd and 16th September https://dutchgp.com/en/tickets-2023/. Seems a fair way to allocate/manage demand, and there's no dynamic pricing at least.

Sure there'll be tickets for resale etc. but I really can't be bothered with buying on the secondary market.

On one hand we've got F1 drivers trying to open up opportunities in the paddock and on track for less well-off people/minority groups and so on, then you've got Silverstone doing the opposite on the spectator side. More chance of getting a seat in F1 than a ticket to watch it - I exaggerate of course biggrin.

PhilAsia

1,549 posts

56 months

Tuesday 20th September
quotequote all
2021 is not 2022. 2022 has been pretty boring if you ignore the midfield. The net result of shelling out to be bored will take its toll on the 2024/5 seasons attendance, as the expectations are not met and fashion moves on. However, I think the damage will have been done as the majority of those with a new interest, that were put off purchasing 3-500 quid tickets, will probably have been put off indefinitely.

That is, if Liberty and D2S cannot change the lack of 100-overtakes-a-lap-NASCAR drama, to capture an audience again.

Edited by PhilAsia on Tuesday 20th September 12:48

Dazzled

192 posts

207 months

Tuesday 20th September
quotequote all
I’m certain it will all go pop in a couple of years. Silverstone need to make hay while the sun shines and bank some of this years cash for the inevitable rainy day.
Liberty bought F1 as a business and is milking it for all it’s worth. It will not have escaped their attention that places like Silverstone who frequently plead poverty are selling every seat at ever increasing prices. When the contract negotiations come round again the hosting fee will rise accordingly and there’ll be the inevitable threats to drop Silverstone from the calendar.
They need to squeeze every last penny out of F1 now and look to reduce their dependency on that one weekend so that they can survive without it if need be. Hence the development of the technology park opposite the main gate, the planned development of the area behind Woodcote and the “they’re not timeshare” lodges behind Maggotts.

Btw - not Eton educated and have no mates who went there or any other public school.

LukeBrown66

2,822 posts

27 months

Tuesday 20th September
quotequote all
My company are already at the tech park (I am not thankfully there currently) and potentially moving again in a few years to a bigger unit, it is not great for employment as the transport links for anything other than cars are abysmal, I think only one bus every hour or maybe half hour.

And also I think they only pay roughly 25 mill for the host fees, which when you think tracks like Abu Dhabi are paying 55, why should they pay more, I think only Monaco pay less than Silverstone, but the BRDC did a fine job getting off the escalating deal some wally signed years ago.

I did read that maybe the land used for the flats was not necessarily owned by the track, I find that hard to believe as it is within the perimeter. What was there before just parking? Storage?


number2

2,720 posts

168 months

Tuesday 20th September
quotequote all
Tickets for other circuits sold out yet? Can't be long until they are. I was in a queue for Bahrain until I realised I had a lot more ducks to get in row before buying a ticket laugh.

https://www.formula1.com/en/latest/article.f1-anno...


Dazzled

192 posts

207 months

Tuesday 20th September
quotequote all
Public transport links to the Tech Park are terrible. The new hotel, the Hilton Park Inn is struggling to recruit staff. An annual bus pass from Northampton to the Technical college is £1,700. Ouch.
The land being developed into Escapade was a field used as event car parking and owned by the circuit.

LukeBrown66

2,822 posts

27 months

Tuesday 20th September
quotequote all
I see now from the plans there is a small road on its left that is the border for it, that land perhaps is not usable. It will be interesting to see if this works, I see JP has made no noise whatsoever about his Donington Hall development and when there recently I saw nothing new there, other than it still looking as it did.

I think simply the time is not right perhaps, I am guessing Silverstone will just have sold that land to a developer, and then will receive an element from it, the devs are the ones taking all the risk, same was true of the RX track I think. Hence why it was in an area that would not impact day to day running.

LukeBrown66

2,822 posts

27 months

Saturday
quotequote all
Was talking to some friends today who know people who have booked tickets, not friends of mine I might add"!!

Out of interest for anyone who might want to stay nearby in a hotel or Premier inn, just do a search of anywhere within 30 miles or so of the place and see what rooms are going for that weekend and tell me if any of this is OK, these friends were quoted £8000 to stay in the closest Travelodge and every place another friend looked at in Northapton, Milton keynes or anywhere else was over a grand for 3 nights. And an all in fee of 75 quid to park, I dont know if these figures are right, I did not check them, but can anyone on here seriously justify this garbage?

This is not the Hilton, its a bloody Travel-lodge yes?

I know this would only affect certain folk, but it really does not look good now does it.

Dazzled

192 posts

207 months

You have friends???!!!

Sheetmaself

5,309 posts

179 months

LukeBrown66 said:
Was talking to some friends today who know people who have booked tickets, not friends of mine I might add"!!

Out of interest for anyone who might want to stay nearby in a hotel or Premier inn, just do a search of anywhere within 30 miles or so of the place and see what rooms are going for that weekend and tell me if any of this is OK, these friends were quoted £8000 to stay in the closest Travelodge and every place another friend looked at in Northapton, Milton keynes or anywhere else was over a grand for 3 nights. And an all in fee of 75 quid to park, I dont know if these figures are right, I did not check them, but can anyone on here seriously justify this garbage?

This is not the Hilton, its a bloody Travel-lodge yes?

I know this would only affect certain folk, but it really does not look good now does it.
I’m fine with people having opinions that are opposed to my own, that to me is what makes the world special.

But sometimes, you see things that just seem like lies.
Not many people on hearing this would not do a search to see the prices themselves.

Had you of done this is what you would of found!









Again, and without starting an online argument, I get that you have certain feelings to what is happening with the circuit a d how they are treating/charging customers. And in the main I wouldn’t say that I completely disagree with you. But there is no need to spread misinformation to try and make a point.

PhilAsia

1,549 posts

56 months

Sheetmaself said:
LukeBrown66 said:
Was talking to some friends today who know people who have booked tickets, not friends of mine I might add"!!

Out of interest for anyone who might want to stay nearby in a hotel or Premier inn, just do a search of anywhere within 30 miles or so of the place and see what rooms are going for that weekend and tell me if any of this is OK, these friends were quoted £8000 to stay in the closest Travelodge and every place another friend looked at in Northapton, Milton keynes or anywhere else was over a grand for 3 nights. And an all in fee of 75 quid to park, I dont know if these figures are right, I did not check them, but can anyone on here seriously justify this garbage?

This is not the Hilton, its a bloody Travel-lodge yes?

I know this would only affect certain folk, but it really does not look good now does it.
I’m fine with people having opinions that are opposed to my own, that to me is what makes the world special.

But sometimes, you see things that just seem like lies.
Not many people on hearing this would not do a search to see the prices themselves.

Had you of done this is what you would of found!

hotel pics

Again, and without starting an online argument, I get that you have certain feelings to what is happening with the circuit a d how they are treating/charging customers. And in the main I wouldn’t say that I completely disagree with you. But there is no need to spread misinformation to try and make a point.
Luke did state he had not verified. But as he had not verified he should have used modifiers in his statements on his reaction to accommodation and prices, eg, if true, should it transpire, were life's cruel financial tapestry of profiteering to, etc.


Teddy Lop

6,711 posts

48 months

Dazzled said:
Formula 1 is a product and the circuits are selling an opportunity to see that product. It’s a product that currently is very popular so the market price for that product is high as ultimately access to see that product ie the number of seats available is limited.
Like it or not Silverstone have played a blinder here but it’s their business and they’re entitled to do so after all they are paying a hefty sum to host the event and their income avenues from it are limited as revenues from TV hosting, trackside advertising etc are taken by Liberty Media. They’ve put in more seats to gain more revenue, raised prices to maximise their take per seat and introduced aggressive dynamic pricing to hype up demand. The ticketing system issues were not planned but served to add to the hype.
Ultimately though the product, Formula 1, has to deliver. It has to be something that people want to see and these things tend to run in 5 year cycles. Currently with Drive to Survive, Max vs Lewis, Red Bull as the pantomime villains, Ferrari as the perennial under achievers, social media savvy drivers like Nando and Lewis the product is very popular.
Like it or not Lewis is a super star amongst British F1 fans but he’s not going to be doing this much longer so see him while you can.
At the point the quality of the show diminishes the value of the product will reduce. This has happened in Moto GP where there’s now no Rossi or Marquez to bring in the crowds and no British riders in the top series to get behind. Not even a plucky British underdog. The Sunday MotoGP crowd at Silverstone this year was only 40,000 and a day ticket, even though it is way below F1 prices doesn’t represent value for money.
When this happens the pricing structure for the tickets will have to change to attract more people back in.
For me the current cost of an F1 ticket works out at about £10 per hour for the 3 days. I don’t have to pay for parking, camping or even food and drink if I choose. That is not bad value to me and I’m willing to pay it,
At the point where the product, the quality of the show diminishes and my interest in it wanes then I may well decide not to pay to visit. That will be my choice. My choice is not driven by whether or not the average Joe can afford to go. I’ll not boycott the event because it’s priced out large numbers of people. You’re a long time dead so make your choices and enjoy yourself while you can.
I struggle with the phrasing "played a blinder"; the phrase generally suggests something exceptional and the only way that works for me isn't perhaps what you mean. They might have made a lot of money but I think the manner in which it was done will likely come at a high cost. There's a lot of people not happy about this, even those who are more often found gushing apologies for the transgressions of F1 in the hope of crumbs from the table, are pretty vocal. I wonder even if liberty themselves might be taking a dim view of this tawdry little episode, given their approach to boost F1 is by making it more accessible...

Dazzled

192 posts

207 months

They’ve played a blinder in that they have maximised their take for next year. Ultimately though it is not sustainable and as you say they have upset a lot of people who will not forget. This will come back to bite them especially if the experience of next years event is below par. As I said elsewhere these things are cyclical.
I have no issue with dynamic pricing if you have a fair opportunity to pay the lower price. Increasing the prices significantly while you’re stuck in a queue due to their system failure is taking the P.
Not sure Liberty are that interested in increasing accessibility for fans attending in person. They seem more focused on extending reach through TV, social media and adding more venues to the calendar especially in under represented territories eg USA.

Sheetmaself

5,309 posts

179 months

PhilAsia said:
Sheetmaself said:
LukeBrown66 said:
Was talking to some friends today who know people who have booked tickets, not friends of mine I might add"!!

Out of interest for anyone who might want to stay nearby in a hotel or Premier inn, just do a search of anywhere within 30 miles or so of the place and see what rooms are going for that weekend and tell me if any of this is OK, these friends were quoted £8000 to stay in the closest Travelodge and every place another friend looked at in Northapton, Milton keynes or anywhere else was over a grand for 3 nights. And an all in fee of 75 quid to park, I dont know if these figures are right, I did not check them, but can anyone on here seriously justify this garbage?

This is not the Hilton, its a bloody Travel-lodge yes?

I know this would only affect certain folk, but it really does not look good now does it.
I’m fine with people having opinions that are opposed to my own, that to me is what makes the world special.

But sometimes, you see things that just seem like lies.
Not many people on hearing this would not do a search to see the prices themselves.

Had you of done this is what you would of found!

hotel pics

Again, and without starting an online argument, I get that you have certain feelings to what is happening with the circuit a d how they are treating/charging customers. And in the main I wouldn’t say that I completely disagree with you. But there is no need to spread misinformation to try and make a point.
Luke did state he had not verified. But as he had not verified he should have used modifiers in his statements on his reaction to accommodation and prices, eg, if true, should it transpire, were life's cruel financial tapestry of profiteering to, etc.
Agreed and agree.

beer

eliot

10,426 posts

235 months

went this year enjoyed it, went to book for next year and it’s almost double what i paid this year - so it’s a no from me.

LukeBrown66

2,822 posts

27 months

Ok I will try and find the stuff a friend of mine did, if this was done for the dates of the GP next year fair enough, but the stuff I saw the numbers were ridiculous, maybe there was a mistake made.

But this is an events manager for quite a large company so I would hope that she knew what she was doing. Or maybe it was hotels? either way there were several hotels and they were all well over 1300 quid, do not know for how many people I thought 2.

Having had a quick check, I think they were looking at hotels as the stuff on booking.com is eyewatering, so my mistake, the cheap stuff is reasonable for that time of year.

As an aside the same person mentioned that this all was going to cost more than going to Abu Dhabi exc flights this year.

Edited by LukeBrown66 on Sunday 25th September 19:52