Saturday, January 07, 2012

BCS: Record Ticket Prices for College Football

NOLA.COM --  "Monday night’s BCS showdown between Louisiana State University and the University of Alabama will crown a national champion. But the game appears likely to produce another title: highest-priced tickets ever for a college football game."

MP: At TicketsNow, the official ticket reseller ("scalper") for the BCS, 575 tickets are currently being offered for sale at prices ranging from $1,292 for seats in the upper levels to $5,460 for seats in the 13th row at the 50 yard line (see sample above of the highest-price seats). 

3 Comments:

At 1/07/2012 1:15 PM, Blogger Larry G said...

PERFECT Segway!

" Dynamic Pricing: The Future of Ticket Pricing in Sports"

Dynamic pricing will become much more prevalent in both professional and collegiate sports over the next few years.

http://goo.gl/zTgRB

excerpt:

Dynamic pricing boosts the revenue maximization goals of sports organizations.

- Dynamic pricing incentivizes consumers to purchase season-tickets in order to secure a greater sense of price certainty in the face of real-time pricing.

- Dynamic pricing allows consumers the flexibility to acquire significant savings on low demand games.

As mentioned at the outset, real-time pricing is not a new concept. Travel-related industries such as hotels, rental cars, and airlines have employed this technique for years. Real-time pricing also surfaces in the market for energy.:

so for those with libertarian leanings.. is dynamic pricing a good thing for markets?

 
At 1/08/2012 9:21 AM, Blogger rjs said...

posted at the same time:
Wow, Demand Curves Really DO Slope Downward!

http://mjperry.blogspot.com/2012/01/so-demand-curves-really-do-slope.html

 
At 1/08/2012 9:53 AM, Blogger Mark J. Perry said...

There's no inconsistency between the two posts, if that's the point you're trying to make! You might be confusing:

a) an increase in price (minimum wage) leading to a decrease in quantity demanded (hours for minimum wage workers),

and

b) an increase in demand, or high demand, for a fixed number of BCS tickets, leading to high ticket prices.

 

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