Brewer's: O. P. Riot

(Old Price Riot). When the new Covent Garden theatre was opened in 1809, the charges of admission were increased, but night after night for three months a throng crowded the pit, shouting “O.P.” (old prices); much damage was done, and the manager was obliged at last to give way.

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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