Tickets for Taylor Swift's 'Eras Tour' reach resale prices of $13,000 after Ticketmaster canceled its general sale

Resale tickets for Taylor Swift's "Eras Tour" concert are skyrocketing after Ticketmaster announced on Thursday that it's canceling its general sale for the tour.

A die-hard "Swiftie" who wanted to see the show at the AT&T Stadium in Arlington, Texas, on March 31,

for example, has the option to shell out up to $12,287 on StubHub for one front-row ticket. And that's not including the $3,400 processing fee.

Swift's tour will not go on sale in its entirety, according to a statement released by Ticketmaster on Thursday.

ticketing mechanism and a lack of available tickets to satisfy that demand

On the resale website, Swift's first national tour since 2018 had ticket prices ranging from $200 to $300.

In the live entertainment sector, Ticketmaster is not the only ticket vendor.

recently demanded investigations into the business, citing worries that Ticketmaster has effectively created a monopoly in the ticket sales sector.

Daily reminder that Ticketmaster is a monopoly, it's merger with LiveNation should never have been approved