The exclusive Royal Albert Hall box is on sale for an estimated price of £3 million.
The so-called “Grand Tier” box, which includes 12 seats, offers the best view of the venue, according to the agent who brokered the sale.
The box's lease runs for a further 843 years, giving owners access to around two-thirds of the events in the hall each year in return for an annual donation of £13,795 to charity.
A brochure produced by agent Berkshire Hathaway HomeServices says: “Whether you're buying as a business or as an individual, Royal Albert Hall's unusual boxes will wow your guests.”
According to the agent, this is the first time the box has been offered for sale in Hall's more than 150-year history.
The move comes as parliament attempts to pass a bill to amend the constitution to, among other things, add two more seats to the 10-seat quota.
This hall requires an act of parliament, as it was established by a royal charter and changes to the constitution require parliamentary approval.
The plans have been widely criticized by members of the House of Lords over concerns that the charity's governance structure would create significant uncontrolled conflicts of interest.
The hall's construction was partially financed by the sale of 1,276 of the 5,272 seats to private investors in 1866.
Ownership of a seat, inherited or traded over the years, provides membership in the Corporation of the Arts and Sciences (the hall's official name) and entitles the seat owner to tickets to most events within the venue. .
Seat owners can use their seat tickets in any way they like, including using them, gifting them to a friend or charity, returning them to the box office and selling them at face value, or selling them on the open market. You can use it like this.
The rise of ticket resale websites has allowed seat holders to sell tickets for far more than face value.
Earlier this year, tickets for Ed Sheeran's concert at the venue, which had a face value of £200, went on sale on resale site Viagogo for £5,899, almost 30 times the original price.
This came despite Sheeran's management team pleading in a letter to seat holders to resell tickets at face value so that the general public could attend.
329 Seat holders elect 18 members, including the president, to a 24-member council to serve as the board of trustees.
This allows elected seat holders on council to make decisions that can affect open market prices for tickets by setting guidelines and influencing event selection through programming and marketing committees. means that it can be lowered.
Lord Harrington of Watford, the government-appointed trustee of the Royal Albert Hall and the Conservative peerage who is pushing the bill in the House of Lords, told MPs during a debate on the bill in October that if they had any opinions, He said he would be “strongly opposed” to the move. Additional seats had already been allocated and sold.
But a spokesperson for the hall said this week that under the previous system, two additional seats in each box were offered for sale without any voting or membership rights.
The offer was taken up in six deals, including one that is for sale, a spokeswoman said.
“This still leaves us with 24 boxes containing 10 seats,” they said. “This bill would allow halls to sell two seats in these boxes with membership and voting rights, for a total of 48 seats.
“They are not assigned. To suggest otherwise is to confuse customers with previous sales.”
