In hopes of filling the race track's 200,000-seat grandstand, Chinese organizers said lowest priced tickets would go for 50 to 60 dollars, or the equivalent of almost a month's wages for the average Chinese.
The Oriental Morning Post reported all tickets will be valid for the entirety of the three-day long event, including two days of qualifying and the race itself.
Shanghai is the latest destination on the Grand Prix calendar after winning a seven-year contract to host races starting next September.
The cost of holding the event, including the building of the circuit on the western outskirts of Shanghai, said to be the largest in Asia, will total about one billion dollars. (Liang Tao)