Is this worth $12

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That would be $33.88 in 2020 dollars.  Yes, well worth it.

My old boss said she blew off tickets to the Last Waltz because at $25 they were too expensive.

The 5000 fans in attendance had to pay the princely sum of $25, which was more than triple the average price of a concert ticket at the time. However, they were well fed when the doors opened at 5 p.m.: 220 turkeys, 500 pounds of cranberry sauce, 90 gallons of brown gravy, one ton of candied yams, 800 pounds of mincemeat, 6000 rolls, and 400 gallons of cider were available. For non-turkey eaters, there was also 400 pounds of fresh salmon, provided by a childhood friend of Bob Dylan's. After dinner, the patrons danced to the music of a 38-piece orchestra, joined by three teams of professional ballroom dancers.

Bill Graham was pissed that none of the Thanksgiving dinner part made it into the film.  He put in a lot of effort getting that together.

I had a hard time justifying paying $25 for a couple of benefit shows at the Warfield in '82.

Everything's relative.

And yes, that $12 for the Frost in '82 was money well spent.

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$12 alone for the atmosphere.