The 1,000-year-old embroidery, on display at the British Museum in London, has sparked a buying frenzy that has drawn comparisons with Glastonbury Festival and the Oasis reunion tour. In the first hour that the second round of tickets went on sale last Wednesday, payments from Monzo cardholders to the museum reached £14,100, 48 times the average for a Wednesday morning. More than half (55%) of those buyers were aged under 35.
By comparison, Monzo spending on the first morning of ticket sales for this year's The Odyssey was £7,000, and for Spider-Man: Brand New Day it was £6,300. The tapestry tickets are significantly more expensive than a typical cinema ticket, at £33 standard adult peak and £27 off-peak. Adjusting for the higher entrance fee and limited availability, buyers spent on average £97 at checkout, five times the £19 average for the Spider-Man opening.
Within two hours, Monzo customers had spent £30,500 on tickets. Thousands joined an online queue when sales opened at 10am, and spots sold out within three hours, beating the first wave, which sold out in 24 hours. Almost half of buyers were based outside London, with the furthest purchases coming from Glasgow.
The British Museum described the response as “extraordinary” and has made changes to address long queues, including banning photography. The exhibition has received rave reviews; The Guardian called the tapestry “a stupefying, thrilling, horrifying masterpiece that shakes the earth”.