Festival of Royal Warrant Holders in Buckingham Palace garden will mark 60 years since Queen's coronation Sir David Walker, Master of the Royal Household, admitted the tickets "could be viewed as expensive" but defended the price, saying it "benchmarks with other similar events." He said the RWHA had considered making the event free to attend, but "it's got to stand on its own two feet commercially." Ticket holders will be able to watch cookery demonstrations and catwalk shows and browse more than 200 exhibitors" stands, organised into the categories of design and technology, food and drink, homes and gardens and style, pursuits and pastimes. Every evening there will be a gala concert performance featuring "star names," which will be attended by members of the Royal family and is expected to be televised. The exhibitors, who will be charged an undisclosed fee for their stand, range from the tailors Gieves & Hawkes and the chocolatier Prestat to Apollo Fire Detectors and the horse hay supplier RJ Tompkins. Sir David said the event was expected to make a profit, with proceeds being split three ways. The Royal Household and the RWHA, will use their share to fund scholarships and mentoring schemes, and the rest of the profits will go to the events organising company Media 10, which is already being paid a large fee to stage the event. Asked how much the Festival would cost to put on, Sir David said: "A lot." Richard Peck, secretary of the RWHA, said the event, said: "The visitors will be able to view the exhibitors" stands, picnic, and do a little retail therapy. It will be a celebration of industry in the UK and will say that Britain is a leader, not a follower. Mr Peck said exhibitors will be able to sell their goods at the exhibition, the first time Buckingham Palace has been used for such a commercial event. He said the idea had been put forward after a small-scale Christmas fair at the Palace three years ago "generated a lot of excitement and allowed a lot of networking." He also said he hoped warrant holders would be able to drum up foreign trade and that the organisers were working closely with UK Trade & Investment, the body which employed the Duke of York as a trade ambassador until he resigned earlier this year because of controversy over his business contacts. Sir David said the Queen "has been consulted at every stage and is entirely supportive" of the event. Tickets will be sold online on a first come first served basis from December 16. A Buckingham Palace spokesman said the anniversary of the Queen's coronation, which falls on June 2 next year, may also be marked by other events, such as a service at Westminster Abbey.