29/10/2012 12:23 GMT | Updated 29/12/2012 05:12 GMT

Ronnie Wood Defends Rolling Stones Ticket Prices - Is He Right?

Ronnie Wood has justified The Rolling Stones' decision to charge sky-high prices for their concert tickets by insisting the band is spending a fortune on the 50th anniversary shows.

The '(I Can't Get No) Satisfaction' hitmakers have been criticised for the cost of tickets to see one of their four gigs in London and the US, with fans forking out hundreds of dollars.

rolling stones

Ronnie Wood has defended the Rolling Stones' high ticket prices, which have got fans grumbling

But Wood has defended the band's right to recoup its expenditure, telling The Sunday Times Magazine, "We're spending millions on the stage and we've already spent a fortune in Paris... I mean, we want to make some money.

Is Ronnie right, or is it still cheeky? Let us know below...

"I would pay, because you don't know when we're going to do it again, and it's something important for music and for people's good will. With all the wars going on and the rotten weather and all that, you want to be cheered up. Music does that, and a gathering of people giving a good vibe."

The veteran rockers will perform two shows in London next month followed by two in Newark, New Jersey in December. They warmed up with a small gig in Paris, France last week.