Supply And Demand Part II: Mayweather – Pacquiao Prices Have Dropped!

By | April 30, 2015

Mayweather Pacquiao ticket prices,supply and demand,economic theory

Back on April 24th an article here examined the May 2nd Mayweather vs. Pacquiao fight in Las Vegas vis-a-vis the cost of a ticket to watch in-person at the MGM Grand Garden Arena!

At the time I wrote, ‘…Because the tickets are sold in the secondary marketplace, prices will fluctuate up until the day of the fight but, judging by Stub Hub if you have to ask how much they are you probably can’t afford to buy them…

With an event like this one the economic theory of supply and demand is most definitely on full display as evidenced by the movement in the price of ticket over the past 6 days.

Of course remember that these are asking prices and people can ask whatever they want and prices fluctuate on a minute by minute basis!

On April 24th…

Upper 201
Row K| Qty2 $5,270.25
Pickup
Go

Today in a similar section (StubHub)…

Upper 201
Row R| Qty2 $3,750.12
Pickup
Go

If you had a little more money to spend and were looking for something a bit closer to ringside, here is an example of how those prices have moved…

On April 24th…

Floor Side E – Rows AA-CC
Row CC| Qty2
Pickup $128,705.25
Go

Today in a similar section…

Floor Side E – Rows AA-CC
Row CC| Qty2
Pickup $87,755.25

Bottom-line? Buyer beware and with events like these you may be smart to buy early or, as it appears now, smarter to wait until the date of the event draws near.

________________________________________________________________

Michael Haltman, President of Hallmark Abstract Service, New York.

HAS is a provider of title insurance in New York State for residential and commercial real estate transactions.

And, for anyone either buying a property or refinancing, remember that although your attorney will likely recommend a title insurance provider you always have the right to choose your own (click here to learn more)!

If you have any questions you can reach Michael by email at mhaltman@hallmarkabstractllc.com.

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