You have priced out part of your fanbase which can create resentment, and concerts where only the rich people attend are not the best, ambiance wise, especially if you want to play other songs than the radio hits.
People have been claiming "you'll price out your fan base" as long as I can remember, meanwhile Blink 182 is a 25-year old band with demand for tickets seemingly higher than ever.
There is a lot of people who go see established artists without really listening to the albums so they mostly know the hits and that's what they want to be played at the concert.