One of the most challenging aspects of property division is its unpredictability. You can never really tell what two spouses might have in their estate, and sometimes marital property can be highly complex. These complex assets do not necessarily need to be expensive, either. Even a seemingly useless piece of junk can trigger years of litigation, and the sentimental value of certain objects is worth more to many spouses than their price tags. A recent case involves two spouses who have decided to engage in a legal battle over concert tickets. This dispute has made headlines around the world, and it is something that even the most experienced divorce lawyers have not yet encountered.
Taylor Swift Tickets are Worth Their Weight in Gold
The most sought-after concert tickets today are difficult to obtain. Various sources state that money does not guarantee your ability to purchase tickets – and you also need a healthy measure of luck. Many tickets are sold via literal lotteries that begin ahead of regular sales. But the “luck element” doesn’t end there.
It may come down to the speed of your internet connection – or how fast you can click your mouse. Refresh your page at precisely the right moment, and you might just get your hands on those precious tickets.
This element of luck shows how concert tickets can be worth far more than their purchase price for many concert-goers. Even if it were possible to sell a ticket for twice or even three times the original prices, many choose to keep hold of these valuable items and experience the concert themselves. This is a concept that many divorce lawyers are well aware of, and they know that spouses often fight over assets worth a mere fraction of the legal fees needed to obtain them.
Couple Fights Over Taylor Swift Tickets During Divorce Negotiations
This brings us to a separated couple in Toronto, Canada. These individuals purchased two tickets to an upcoming Taylor Swift concert before their relationship turned sour – and they were forced to fight over them during their divorce negotiations.
The tickets in question are now worth much more than their original purchase price. Since Taylor Swift will only make a few stops in Canada while on tour, the demand for these tickets is sky-high. The couple’s attorneys note that resale tickets for this concert are selling for $13,000 each. Since the couple bought two tickets, this represents a small fortune.
It is not surprising that the tickets became such an important topic during the divorce negotiations. The couple had three options – they could either go to the concert together, sell the tickets or split the proceeds, or agree on a buy-out deal. The latter involves one spouse keeping both tickets while providing their ex with the current market value of one ticket.
Attorneys say that the couple has already decided on an appropriate course of action. However, attorney-client privilege prevents her from revealing which option they chose.
About the author