Game 1 ticket costs hit record in resale market

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Updated: June 4, 2015
  • Go see Game 1 of the NBA Finals in person or buy a television?

    That’s a question fans have had to ask themselves over the last week as Thursday night’s opener between the Cleveland Cavaliers and Golden State Warriors at Oracle Arena in Oakland, California, has become the most expensive Game 1 on the resale market in NBA Finals history.

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  • Ticketmaster, the official resale site for the team, said the average price paid for a ticket is $1,023, while StubHub said the average price paid on its site is $1,535.

    That’s almost $1,000 more than what fans have paid for Game 1’s over the past four Finals.

    StubHub spokesman Glenn Lehrman said last year’s Heat-Spurs opener in San Antonio had an average resale price of $460, the cheapest in the past five years. The same matchup in 2013 for Game 1 in Miami cost an average of $558.

    The Heat at Oklahoma City Thunder Game 1 in 2012 went for an average of $655, while the Dallas Mavericks-Heat opener in Miami in 2011 sold for an average of $486.

    Ticketmaster has two courtside seats located under the basket for $58,250 on Thursday night, but selling them for that price might be a bit optimistic. The highest price actually paid for a seat has been $36,843 on Ticketmaster and $35,612 on StubHub.

    With fewer tickets on the overall resale marketplace than usual, prices aren’t expected to drop come game time. As of noon ET, the get-in price for the cheapest seat on Ticketmaster was $693. The cheapest seat on StubHub was $80 more.

    StubHub is currently suing the Warriors and Ticketmaster, alleging that the team’s restricting of the secondary ticket market for season ticket holders to Ticketmaster is monopolistic and illegal. Last month, both the Warriors and Ticketmaster moved to dismiss the suit on its merits, namely that it has the right to control where tickets are resold as part of the terms of buying them and that StubHub had the chance to bid on being the official partner. Should the lawsuit go to trial, it could determine, for the first time in a legal setting, whether fans own the right to the tickets that they buy or if they merely license the privilege from the team.

    Article source: http://espn.go.com/nba/playoffs/2015/story/_/id/13011495/nba-finals-game-1-ticket-costs-cleveland-cavaliers-golden-state-warriors-hit-record-resale-market