SBD/Issue 35/Events & Attractions

Tickets For Philly World Series Games Reselling For Large Amounts

 
Ticket prices for World Series Games Three-Five at Citizens Bank Park "continue to rise and fans are taking the bait, shelling out as much as $10,000 for a seat" for Yankees-Phillies Game Three Saturday night, according to Kerith Gabriel of the PHILADELPHIA DAILY NEWS. StubHub data indicated that the average ticket price for Game Three and Sunday's Game Four is $979, "with the range being as low as $90 (standing room, Game 3) to $4,390 (Sec 134-Row 1, Game 4)." StubHub as of Thursday night also "listed 4,987 tickets available for Game 3 with an average price of $977 and 4,229 tickets with an average price of $1,031 for Game 4." Ticket distributor AllShows.com CEO Jason Berger said that the Phillies' victory in Game One Wednesday "aided in driving up prices for the games in Philadelphia" (PHILADELPHIA DAILY NEWS, 10/30).

LOT OF ACTIVITY FOLLOWING GAME ONE: The secondary ticket markets showed a fair amount of turbulence following the Yankees’ 6-1 loss in Game One on Wednesday night. Numerous individual brokers and StubHub reported a leveling off or dropoff in consumer demand for Game Two Thursday. But ticket metasearch engine FanSnap, which collates data from more than 50 resale sites, indicated a sharp rise in the average price of Game Two listings, jumping 26% from $585 to $737 between Wednesday afternoon and Thursday afternoon. A jump in pricing and activity around a potential Game Six is now anticipated following the Yankees’ win Thursday that made that game more likely to happen (Eric Fisher, SportsBusiness Journal). In N.Y., Ken Belson notes seats in the bleachers "that cost as little as $5 during the regular season were being offered for $550" Thursday afternoon, a 69% increase compared with the same time Wednesday. Legends Suite tickets behind home plate rose 145%, to $6,600 (NYTIMES.com, 10/30). Meanwhile, actor Tom Hanks discussed what trying to re-sell tickets behind home plate at Yankee Stadium must feel like. Hanks: "How do you do that? You stand out in front of Yankee Stadium: 'Best seats in the house right here! $45,000! Too much? Let’s haggle. $30,000! Who's got $25,000 for two seats?'" ("Late Show," CBS, 10/29).

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