Ticket Prices for May 2 Fight: Demand May Exceed Supply
April 19, 2015 9:27 AM
by Staff & Wire Reports
Bloomberg reports that there may not be any public sale of tickets for the May 2, Floyd Mayweather and Manny Pacquiao fight in Las Vegas, meaning that all the tickets may end up being divided between the MGM Grand site of the event and fight promoters.
Tickets for the Las Vegas bout are expected to generate revenue of at least $300 million. Tickets held by fight promoters and the hotel typically filter down to the fighters’ camps, according to Bloomberg,and on to friends, celebrities and network, their availability helping fuel the secondary market.
It’s “possible” the secondary or resale market will be the only option for fight fans who have not yet found a way to get a ticket and can afford the price.
Activity on the secondary market has reportedly been slow as followers of the drama surrounding this fight waited to see if there will be a public sale. Would ticket prices rise or fall? It was previously announced that there would be fewer than one thousand tickets available to the public.
Bloomberg quotes one source that says the average price of available tickets is $11,922. “The get-in price is $4,149 with ringside seats being listed for as much as $67,600.
MGM Resorts CEO Jim Murren has said from the beginning that the fight will be a record-setter in terms of the spending it generates.
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