Thursday, April 23, 2015

Mayweather-Pacquiao secondary ticket market predictably insane

View from Sec 219 of the MGM Grand Garden Arena. (SeatGeek)See that photo right there. That's the view of the Mayweather-Pacquaio fight $16,100 will get you.
That's for one ticket mind you, so if you're bringing someone else, double it.
Which comes in at a bargain in comparison to a ringside seat, which will cost you a cool $141,575.25 on StubHub. Don't be short the 25 cents.
(I can think of at least one person crazy enough to spend $141K for a single ticket, only problem is he'll be inside the ring that night.)
A full nine days before the megafight is to be staged at the MGM Grand Garden Arena in Las Vegas and tickets finally went on sale to the public Thursday. About 500 of them.
That many!
I tried to get them. No luck. But 200 or so were available on secondary sites. Face value for the cheapest was $1,500. What you'll have to pay: $6,177 on SeatGeek.
Now, these are asking prices. Not necessarily selling prices.
SeatGeek told Yahoo Sports it already sold at least one ticket for $17,850 (Sec 9, Row G), "making it the most expensive single ticket we've ever sold."
Expect to hear a lot of that.
(NOTE: The highest price paid on SeatGeek for a Super Bowl ticket this year was $15,000.)
Overall, SeatGeek's average selling price for the upper level has been $7,113, $11,530 for the lower level.
The MGM did at least make the appearance of trying to cut down on resales, making all tickets Will Call, requiring a photo ID and the actual credit card used in order to pick them up. Thing is, even if you live in New York City, flew to Vegas first class, got a suite at the Wynn, played a few hundred hands of Baccarat and held hands with Candy at the Crazy Horse for three straight hours, you'd still come out in the black selling a single pair on the secondary market.
That's what I figured on doing, anyway.
So fight fans, bust out your credit card, and the other one and the other and you're in. If you can't afford the nosebleeds and you want to watch the fight in Vegas, there's always closed circuit TV for the low, low price of $150, not including handling fees.
Yay boxing!

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