PHOENIX — The stock in Super Bowl LVII tickets has began to pile up this week, and costs have steadily proven it.
After coming into this week sizzling, tickets to observe the Kansas City Chiefs face the Philadelphia Eagles have steadily declined in value in each 24-hour window since Sunday night time. The ensuing slide has pushed “get in” costs for the most affordable attainable seats down 30% — from practically $6,000 late Sunday to round $4,200 Thursday afternoon, in keeping with information from a number of secondary ticket platforms.
The motive? Daily stock throughout the market noticed practically a 31% improve in obtainable tickets from Saturday to Tuesday, from round 2,600 obtainable seats to almost 3,400, in keeping with information from on-line market TicketIQ.
“With the value drop, Super Bowl 57 is the fifth-most costly Super Bowl we’ve tracked, after spending a lot of the final week and a half within the No. 2 spot,” TicketIQ CEO Jesse Lawrence stated.
Interestingly, {the marketplace}’s information now places this 12 months’s Super Bowl in a digital useless warmth with final 12 months’s in common ticket value (plus brokerage charges), with Super Bowl LVI settling in at $6,750 per seat versus $6,783 for Super Bowl LVII as of Thursday afternoon.
After a sizzling begin, the Super Bowl LVII ticket market is cooling off significantly. (REUTERS/Caitlin O’Hara)
While another websites have barely various information on that common, the numbers all typically agree: It’s attainable this 12 months’s common ticket value may slip under final season’s and find yourself as the most affordable common ticket for the reason that New England Patriots confronted the Los Angeles Rams in Atlanta in Super Bowl LIII. The common ticket value that season was $5,653, in keeping with TicketIQ information. This 12 months’s “get in” value of $4,259 would nonetheless should drop significantly to slip below the most affordable seats in final 12 months’s recreation, which leveled off and settled at $3,914.
Will the costs get any cheaper? That finally is dependent upon how demand impacts stock over the following three days. The obtainable seats in the marketplace appeared to degree off after peaking at simply over 3,400 on Tuesday and have been hovering steadily at 3,200 as of Thursday afternoon. That’s a reasonably stable degree of stock, however there’s some expectation that there could possibly be an inflow of late-arriving consumers beginning Thursday, as holdouts who didn’t plan to spend further trip time within the Phoenix space shall be attending to city within the subsequent 48 hours and seeking to safe seats.
“With simply three days till recreation day, we’re seeing gross sales decide up every day and costs drop — the final 24 hours noticed the most important leap in gross sales than some other 24-hour interval this week on StubHub,” StubHub director of partnerships and enterprise growth Adam Budelli stated. “We anticipate to see ticket costs degree out, so when you see a ticket in your value level, we suggest you purchase now, as you by no means know the way lengthy that ticket will final.”
