Ticket prices heat up for NBA finals

0 Comment(s)Print E-mail China Daily, June 18, 2013
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With the final week of the NBA season now here, ticket prices are going into overdrive.

The online ticket resale site StubHub showed just about 3,000 tickets were available for purchase on the secondary markets in Miami for Game 6 of the NBA Finals between the Heat and the San Antonio Spurs on Tuesday night.

Standing-room only prices were bottoming out at $185. For an actual seat, the lowest price was $199. The cheapest seat in the lower bowl of the arena was going for $475.

And for courtside seats, the average price for what was available was about $23,000 - apiece. Somehow, they were far below the highest asking price.

There even was a pair of seats, 25 rows from the court, listed for $80,000 apiece. During the season, those same seats might be available for around $100 each.

If Miami wins on Tuesday and forces a winner-take-all Game 7 on Thursday night, supply and demand clearly kick into effect.

There's already much less inventory available for purchase online for Game 7, with the lowest in-the-door price being $385, or more than double what it is for Game 6.

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