VIP tickets for Formula One in China go for $4,000
Agence France-Presse
Shanghai, December 19
VIP ticket prices for China's first-ever hosting of a Formula One race, in Shanghai next year, will top 4,000 dollars, state press reported Friday.
In hopes of filling the race track's 200,000-seat grandstand, Chinese organisers said lowest priced tickets would go for 50 to 60 dollars, or the equivalent of almost a month's wages for the average resident, various reports said.
All tickets will be valid for the three-day long event, including two days of qualifying and the race itself, the Oriental Morning Post reported.
Shanghai, China's largest city, is the latest destination on the Grand Prix calendar after winning a seven-year contract to host races starting next September.
The cost of holding the event, including the building of the circuit on the western outskirts of Shanghai, said to be the largest in Asia, will total about five billion yuan (600 million dollars), the Post said.
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