P. Diddy's Grammys after-party tickets are reportedly costing $50,000.

The American rapper is hosting a post-Grammy Awards celebration at the Playboy Mansion.

However, being present at the prestigious affair comes at an eye-watering fee of $50,000, according to US website TMZ.

The publication says the tickets start at a more affordable $1,500, but they soon rise in price, depending on the "service" at the black tie bash.

Sources have revealed that the $50,000 Monster Cabana ticket includes a host of luxurious services including "2 cabanas, VIP admission for 20 people, buffet dinner, open bar, free bottle service and 15 dedicated female promotional models".

Despite the hefty price tag, the party is in aid of a good cause.

The proceeds will go to benefit the Angelwish Foundation for children afflicted by HIV/AIDS.

The Grammy Awards Ceremony is on Sunday, 12 February 2012.