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The Black Swan Of Super Bowls: "Ticket Prices Are Being Manipulated To The Extreme"
Super Bowl ticket prices continue to soar. With the game now just a day away, prices have exceeded the $10,500 average and get-in price is just over $9,000 but, as TiqIQ's CEO reports, the ticket market’s "Black Swan" moment will leave some fans showing up to Arizona having paid for tickets they’ll never receive... as derivative-based speculators were selling tickets they never had to begin with, and the short squeeze is unprecedented. "The market is being manipulated to the extreme by those who have paid teams and the league for access." When this happened in the 2011 BCS National Championship game, many brokers went out of business filling their short orders, and some others even walked away from their orders, leaving fans to fend for themselves and it appears tomorrow will be the same for Super Bowl attendees (and speculators).
As the CEO of online ticket site TiqIQ notes (via The Daily Beast),
Two days after the conference championship game, the cheapest ticket for Super Bowl XLIX was going for under $2,000. That same cheapest ticket—also known as the “get-in price”—is now going $9,600. While good old-fashioned demand played a role in this year’s run-up, like 2008's market-based Black Swan euphoria and subsequent crash, the 2015 Super Bowl dynamic was driven principally by derivative-based speculators looking to make a quick buck.
In the 2015 Super Bowl ticket market, short selling has again played a major role, but this time around, anyone that shorted the market is now looking at losses of as much as $8,000 for each ticket.
In ticketing, short selling works like this: A speculator offers to sell a ticket they do not own, for a price above where he thinks the market will ultimately end up. At the time of the sale, this may seem like a good deal. Following the normal ticket market demand curve, as the event gets closer, prices drop.
When that happens, the “spec” buys a ticket, ideally below the price at which they originally sold it. For last year’s Super Bowl in New York, the cheapest ticket on game-day was going for around $1,500. If the same pattern held this year, a spec seller who sold their ticket for $2,000 after the conference championship would pocket $500 and a 33% return for their week’s worth of work.
With the cheapest pair to the 2015 game now going for $10,000, those same sellers are now looking at losses of up to $8,000—for each ticket. The result of this short-selling has been a week-long scramble by underwater brokers looking to fill orders at the best price available.
Simply put - the average fan never sees a fair price as the "short squeeze" demand prices all reasonable buyers out of the market. This is not the first time - but it is the most significant yet...
The first time the U.S. ticket market crossed the $5,000 average mark was in 2011 for the BCS National Championship between Auburn and Oregon. That game also took place at University of Phoenix Stadium, and like this year, short selling played a big part in the elevated price levels. That year, however, tickets dropped as low as $3,000 on game-day.
Despite that drop, many brokers went out of business filling their short orders, and some others even walked away from their orders, leaving fans to fend for themselves in Arizona without the ticket they thought they had.
Yet again a market is being manipulated by those with financial might or elite positioning to the detriment of the general public...
With the arrival of $10,000 tickets, now something has to be done to protect consumers in situations like this. As a lawsuit filed last year makes clear, less than 2 percent of Super Bowl tickets actually become available to the general public. The NFL controls who gets the rest, with the two participating teams getting 17.5 percent, the host team getting 5 percent and each NFL team getting 1.2 percent each.
That way, the NFL dictates when and to whom tickets are made available. Unlike most events, the Super Bowl does not allow for e-tickets, so tracking and accountability is entirely within control of the NFL.
...
The cheapest face value ticket for this year’s Super Bowl was $1,200, which is $8,000 less than what you can get now on the secondary market. With nothing particularly different about the match-up, the participants or the location, those kinds of numbers suggest that the market is rigged.
The market is being manipulated to the extreme by those who have paid teams and the league for access.
While those with access won financially this year, they’ve done so at the expense of the fan, their own integrity, and the consumer’s trust in the ticket market. For Super Bowl 50 in San Francisco, the NFL needs to have a fix in place to ensure 2015 never happens again.
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Since when is SCALPING manipulating? Absolutly rediculous!gw is that you?
If you don't have the PM ticket in hand you don't have PM's tickets. You have a promise. Good luck collecting on that promise.
Only morons and sheeple buy tickets to these events ...
It's fun being at the event location (SuperBowl, Olympics, Stanley Cup, etc.) because of the atmosphere and just talking to people. But to actually pay all that money to attend the event? Meh. I no longer feel the need. Better to watch it on TV.
I like the Superball, because I can do things in town without being run over by idiots.
I'm just here so I don't get fined.
Well, this is certainly cause for a DoJ investigation.
Think I'm kidding, huh? Just wait. And it'll be the ball boy's fault
Scalpers getting scalped. Breaks my fvckin' heart.
Now if only the Seahawks beat the Patriots and spike the (FULLY INFLATED) football in the endzone repeatedly I will be happy.
Cheaters don't always lose. But I can hope.
This looks a bit like on of my charts.
Why do I get the impression this will be the last superbowl ever... Maybe that is why the price is up so high. The elite are getting in one more party coke laced binge crack and hooker anal sex wolf of wallstreet midget tossing festivity before they head to their underground bunkers all hung over..
I read on one of those health sites they were checking up on people for measles ... those who might be attending the game and were near Disneyland when the measles lifted off.
Scary.
Special Prosecutor John Harbaugh!
"so you don't get fined"
-- Deion's line
Vote down!
"I like the Superball, because I can do things in town without being run over by idiots."
...................................... Insecure about their manhood and driving enormous pickup trucks as compensation.
Who's playing? I'm too lazy to look it up on the interpipes.
Boston Cheaters vs. Seattle SWPL
It is the best day of the year to go to the dump in my rural area, because nobody is there, just breeze in and breeze out. And the weather looks good to fly...
Last year a 9/11 truther got into the Super Bowl for free by sneaking in pretending to be a journalist and he went right for the press box.
http://www.nj.com/super-bowl/index.ssf/2014/02/super_bowl_2014_911_truth...
On the Alex Jones Show he claimed he got fined $250 for trespassing which is much cheaper than a ticket to get in!
Why wouldn't you want to pay a mere 10,000$ for the opportunity to wait in line and be patted down, have all your belongings searched and be screened for whooping cough / measles before watching an event that would be better seen on TV?
If you just stay home how can you be sure there isn't a terrorist hiding under your couch or in your friends pocket!?
And miss Katy Perry live????
Plus ~ if your home city team wins you can go out and torch the town to celebrate! Don't miss the fun!
Quote Only morons and sheeple buy tickets to these events ...
Those morons spell moron moran
forget superbowl tickets - someone explain that bizarre move in crude on friday; no news? no explanation? is this just a bounce? look at the charts $WTIC, $USO - futs closed near the high - 43.50ish to almost $48 in a day?
oil tankers
in the streets
Maybe they wanted to paint a nice number for the end of the month.
I don't see what the problem is. It looks like a large group of speculators became greedy, so they sold something they didn't own in order to try and make an annualized profit of around 1700%. Instead they got SNBed and are suffering even larger losses than the profits they would have made on what they wrongly assumed was a safe bet.
My sister was attacked by an ostrich.
Tanks in the streets?
Tanks in the streets!
thanks bernanke
I attended 2 Superbowls and 1 Worldseries in the 90's. If we had released the Roswell N.M. "Flatscreen Tv " tech back then, I'd never have gone.
Our normal(surrounding) season ticket holders sold their ticket rights to a bunch of pompous entitled thugs. It was really sad.
We spent more time being worried about being ripped off.
The cheapest ticket for the first SuperBowl was $6.00. Since deflation is now rearing its ugly head, I'm guessing we get back there in about 1000 years.
Look no further than the Roman Colosseum for historical narrative.
Last time I checked, no one is being forced to pay out the ass for this bullshit and participate ... or is there an obamaticket mandate now?
shove it up your ass dickweed this aint important talk about the russian bombers being over the english channel! NUCLEAR WAR IS THE ULTIMATE SUPER BOWL!
Sounds like the paper gold market.
No gold for you!
MERS bought out Ticketmaster.
And, if you didn't receive your ticket, you can lodge a complaint with Linda Green...
LOLOL
I can imagine what that phone conversation would be like.
"Yes sir, the price is $10,000. You'll take them? I'll have Linda Green mail your tickets to you right away sir."
Her Chinese cousin works in port warehousing: Rinda Gleen.
Is the ticket for a paper game, or phys?
Good L__rd! Who cares? Paying to see a bunch of folks with a glandular problem and who came out of the Neander Valley in Deutchland run up and down a grass field. As Juvenal put it...Panis et circenses. I guess I'll take the philosophical view of things...if my team wins...I'll be happy and have some beer...if they should lose....I will have even more beer to asuage my sadness...I win either way!
Your team? You must be rich. I can't afford to own the rascals team across the street.
Went to two Superbowls, XIX and XXI. Got in free both times. Flag detail for the opening ceremonies, back when I was pulling I & I duty on the West Coast. Man, those were the days. I'm sure tickets were going for a couple of hundred bucks back then. But that's when they still had marching bands at halftime.
Fuck the superbowl and the NFL. If folks want to get fleeced that bad then let them. Go ahead with your hero worship assholes.
Baaa! Baaa!
+1 i wouldn't go even if i could sit at the fifty yard line and get paid for it
I kinda agree with you, Buzz. Most of the folk who went when I was there didn't even care about the game. Just kinda wanted to be there, that's all. I'm thinking most of the real fans were at the local Buffalo Wings dispensary watching on the wall-to-wall tv's.
the game has changed like everything else and not for the better.
Agreed.
It seems like the only reason people go to these things (sporting events and concerts) anymore, is so they can send selfies/tweets/texts to all their friends directly from the event just to make them jealous.
What's the point in spending $10k to see a game, when you're not going to watch it anyway?...
You are spending $10,000 because you can and because you want to be at an event. And to be down-wind from the largest Nuclear Power Plant in the U.S.
http://blogs.phoenixnewtimes.com/valleyfever/2013/10/palo_verde_nuclear_...
If you wanted to watch football you'd watch in on television.
Buzz, a couple of years ago, my buddy had someone bail on the combined Season Ticket package they had.(Playoffs)
The seats were interesting. Endzone up high, and really decent based on the stadium layout.
We spent more money just getting to the event than it cost for the tickets. Taxies, parabolic! We paid the guy off, figuring it would be cheaper that hotel room.
Wrong! The place turned into a "black hole" after the event. Sporting events aren't what they used to be.
Currently the lowest price on Stubhub is $8,000 for a ticket. The highest price is $49,999.99. I am going to Hooters and spend less than $100 and enjoy an excellent view.
So, exactly what will you being viewing at Hooters?
My guess is Garment Malfunctions. Pool Shark.
BTW I love your posts!
For $8,000 you can rent your hotel suite, giant 4k LCD TV, Hookers and Blo.
That way, you can make good use of it for 90% of the time when the game will be a Super Bore.
We will be recording it, and speed-watching the entire thing in 1 hr (FF between plays, commercials* and 1/2-time crap).
* We'll get the Best SB Commercials on YT anyway.
If you like your superbowels, you can keep your superbowels.
9/11 Truth: The NIST “no molten metal” guy posing by steel with unexplained melting (PHOTOS)
I'm a great champion of 9/11 truth, WTFRLY, but this is a Super Bowl article.
Should have linked a deflategate blog instead.
Flash
AP New York, Jan 31 2015
Early Saturday morning it was announced by the Joint System Wide Anti-terrorist Task force and Federal Clusterfuck investigations Committee that 3 fully intact North Korean passports without entry visas to the United States had been found next to the ball bag on the New England Patriots' sidelines during the last playoff game. NFL commissioner Erstwhile Fudgepack was see giddily waving his arms like a small Somali child being presented with his first solid nourishment in over a week when the findings were announced by White House spokesperson Josh Earnestly from the executive washroom aboard Air Force One while in transit form Baltimore International Airport to Regan National transporting the President and his staff from a fact finding mission on racial inequality at the White Castle in the North Avenue/Belair Road district of Baltimore. Earnestly released a statement by the president his Wookie and somebody else who he couldn't remember stating: "The burgers were dry and tasteless like they'd sat out under the heat lamps for days and the service was terrible. I hate being told "nopobem" instead of Thank you, Mr President. The fucking kid didn't even recognize me." It was decided that the president and select close friends for the Chumb Ganja Gang days would attend the Next Patriots game, coincidentally to be held at tomorrow at some supposedly important game and personally supervise the ball boys on the sidelines. When asked another question about the status of the EU, Greece, natural gas pipelines running from the Gulf through Greece to the EU and Russia's involvement he only answered; "Fuck Hillary Clinton"
isnt Katy Perry sposed to strip naked and fuck a donkey during halftime?
Technically, she will be blowing the donkey.
He who sells what isn't hisin', finds himself going to prison.
(Except of course for the fuckers at JPM, Goldman, et al.)
10k for a game played by monkeys WTF lol
The price is ludicrous. So is your comment.
So is the "superbowl".
Monkeys? Really? Alex Karras might disagree with you. Or Jim Otto. Y. A. Tittle anyone? I don't think you've ever played the game. But, hey, comments don't respect reality until they meet a wall of experience.
The players you mention are gone from the game for nearly half a century. A different species plays today.
Monkeys? More like retarded gorillas.
Corzine in Arizona ?
Remove the entertainment expense tax deduction for these tickets and then you will see what their true markiet value is.
Yes, it's mostly big businesses who buy blocks of tickets to woo thier clients and then write it off.
Whats left of the Grateful Dead is slated to play 3 final shows at Soldiers Field in Chicago this coming 4th of July weekend. I imagine tickets will be a couple hundred bucks. Thats far more than I'd pay. But I wouldn't mind taking in the parking lot scene where word has it the fans have petitioned the city to allow camping.
The superbowl will be attended by large numbers of pretentious pricks.
So will those further shows
"The superbowl will be attended by large numbers of pretentious pricks." --pine_marten
I know, the 12th Man is so effing annoying.
Fuck me this is retarded! Dumb motherfuckers taking their cues from Wall Street for tickets where you know that the person on the other end is going to want to take delivery. Fuck those motherfuckers! Can we start sliting some throats now? I think it's time...
We scalped some folks...
it's the last super bowl
Why is Rapid City playing Gotham in the Pittsburgh Steelers' stadium? And why are "terrorists" attacking a football game with 40,000 empty seats? And why are they singing the warmongering Star Spangled Banner in a fantasy universe?
...oh i forgot: just STFU and be afraid.
people don't understand that we're living in one big reality tv/movie/internet show....right?1
;-)
______________
1any guesses on the who's watching and from where?
Can't think of anything more boring. I wouldn't go to the superbowl if someone paid ME $10,500.
The only live event I would have loved to been at was when Tiger Woods' ex was on him like Flint with a nine-iron. Damn that lucky neighbor.
ROFL
NAKED Selling tickets. fucking Financialize everything, bitchez!
you want air to breathe? ya.. its gonna cost you...
wtf!! LMAO
P < P + I
Oh lord, I got seven sets of tickets each, in little clamshell cases, including tickets for kids I don't have. I don't have the dignity to resell them.
this is so completely unimportant and irrelavant to anything. This is all media--and yes, "the media is the message".
These short sellers deserve to get screwed over.
Anyone who is actually willing to drop thousands to see a football game also deserves to get screwed over.
I'll enjoy the game in my house, sitting in a comfortable recliner with my personal restroom, a huge stock of snacks and beverages, watching it in hd with my expense being that of whatever my delivered pizza is going to cost.
FUCK THE SUPERBOWL AND ANY MORONS THAT PUT ANY SIGNIFICANT EMOTIONAL ENERGY INTO IT.
it's ok to be amused at sports, but you have no sympathy from me for caring about sports.
Marx was wrong.
The true opiate of the masses is professional sports.
Religious subordination/indoctrination is the ultimate prepping mechanism for subsequent behavioral compliance. Professional sports -- and the broader infotainment sector brought to you by the corporatocratic mainstream media -- do indeed function as an opiate, particularly through screentime hypnosis, but do you really think the average American citizen's mental independence would be so easily relinquished to the masters of propaganda if his or her mind weren't already coopted by religion?
Arrow up on that one, teslaberry. I'm with you all the way.
...And GO SEAHAWKS!
Why not? If they can get it more power to them.
People willing pay over $10,000/ticket aren't your average Joe.
Scalpers could have doubled each ticket to $20,000/ticket and these same people would have paid.
Price is no object for these buyers. At $50,000/ticket they would still purchased them.
Is this real or is this some kind of satire I'm too stupid to catch the punchline for?
$10,500...that's a nice rifle, shotgun, hand gun, some ammo and a year of storable food.
Or, at current Rocky Mountain prices, about a 5 year's supply of primo weed.
squeeze the fvckers
Will somebody please flush the superbowl right in the middle of halftime?
Mom died on Wednesday, my second child born on Thursday. What's a Super Bowl?
I hope it is a blow out.
imagine the elite of ancient Rome...scheming and bidding for box seats next to the Ceasar's.....give them games....watch them howl and forget their place in life....lol...nothing new under the sun....as the semites would say...lol
Nothing different about the location or teams??? Are you kidding me?
The Patriots have a much broader fanbase than the Broncos. While Pats sell out every game, the demand is actually much higher. Plenty of fans are either pretty far away or don't feel a need to freeze their asses off every game of the season when they can watch at home. From hedgies in CT to VT, NH, ME, the Pats have a big base. As well, they have lots of air capacity -- there's a pretty static number of flights from Denver to NYC. New England to AZ you have Boston, NYC, Manchester, Hartford, etc.
New Jersey was a terrible location for the Super Bowl. Almost everyone rich enough to go to the Super Bowl has been to NYC plenty and really doesn't need a late January trip there. And remember the weather worries? Now a trip to Arizona, Miami -- great golf, ladies, etc. Perfect guys trip. A rich fellow I knew used to go every year with his buds to the Super Bowl location to play golf and party. No tickets in hand -- if they found a few gameday for $1K they'd buy them, otherwise party in their rental house. So here's the thing -- there are plenty of vendors/service providers out there that would be happy to spend $5K to watch the Super Bowl with this guy. Neither side wants to fund a whole trip (too expensive, spend 3 days with a vendor??) but they're more than happy to fund the game. So a lot of vendors either hear a guy is going with no tickets, or the guy plans a golf trip around the super bowl knowing he can get the vendor tix. The original $2K price was a steal for this scenario. And if your company funded the tickets as a sales expense, it doesn't matter what the current price is, you can't sell them onward (bribery, client relations, expense account rules, etc.). Too bad my company has strict ethics rules.
Fuck the Super Bowl and all those overpiad whiners.
I'm going snowshoeing
n/t
on GLP a poll showed that 80% of the respondants could give a shit about the SUPERBOWL.... .kinda surprised me.
I haven't watched a single football game; college or professional the entire season, and certainly won't watch this foolish pentacle of the bread and circuses parade. Why would I want to enrich the 1 percenters; the players, owners, and corporate sponsors? why
When in Rome..........
In the future, .gov will make it mandatory to buy Stupid Bowl tickets as a means to ensure we all have equal access to quality entertainment at someone else's expense.
Super Bowl - Nuremberg rallies
Money printing works in mysterious ways..... Will Yellen do the coin flip ?
""Black Swan" moment will leave some fans showing up to Arizona having paid for tickets they’ll never receive.."
Good. I think Pastis called it just right.
http://assets.amuniversal.com/85d18f3070e00132b90d005056a9545d
Oh, but they have such goood commeeeeercials! Nauseating song sung by the same dupes who actually pay clothing makers in order to obtain and wear prominent logos that advertise the clothier company / designer.
Makes me want to start a business making size XXL, XXXL, and XXXXL clothing with satrical "logos" protected by free speech, and selling it real cheap. Abercrammie anyone?