Report: Some prime Wrigley seats to be auctioned
The Chicago Sun-Times is reporting that the Cubs will auction off new seats being made available at Wrigley Field near the third base dugout. From that report, it's not clear exactly how the auction would work but if true, it could be one of the first real attempts to let a totally fluid marketplace determine the prices of tickets on the primary market.
A few years ago, I did a story on the Internet secondary market in sports tickets. By now, most fans know what that means -- tickets being resold by individuals or ticket brokers on Eba or TicketsNow or StubHub and on and on. And that's exactly what happens with those tickers -- the free-floating market determines what a ticket will cost.
When I was doing that story, ticket experts who study this business said that eventually the Internet will allow teams to sell all/most/some seats to its games, using the auction model from the very start.
Now in practice, I think that the notion of all or even most tickets being sold this way is a long, long way off, at least is some sports. For one thing, there's the issue of PSLs being sold primarily by NFL teams that lock in the right to purchase season tickets. And there will always be the financial security in selling season tickets for a set price so that the team pockets the money in advance regardless of how the team performs.
But in sports where the majority of tickets are single-gamers or for certain premium seats (like these dugout seats), I can see it happening. Or at least being tried. The Internet just makes it too tempting to not give it a shot.
The obvious upside is that everyone gets a crack at certain tickets that might otherwise be tied up as a season ticket. The obvious downside: If you're not enormously rich and willing to outbid well-heeled competitors and speculators, you probably have no shot.
Photo credit: Brian Kersey/AP


Comments
Good subject Bill. Maybe you can tell me what is the difference between these 'ticket brokers' like Stubhub,etc and some scalpers selling tickets in front of a stadium?
The price increases are ridiculous, especially for big games/events. Case in point, I will be in Detroit in mid May and the Yanks are in town. The Tigers' single game tickets(thru ticketmaster) don't go on sale until March 1 yet you can go to Stubhub and get thme now. Some of the asking prices are thru the roof-$35 for an $8 bleacher seat and up to $400 each for an infield box. I looked up tickets for a Tigers/Twins game and they were available for a fraction of these prices, even less than 'cost' at some areas.
I'm in favour of a free enterprise system to a point, but how can these internet 'brokers' operate legally yet the scalpers are often arrested or at the very least, scared away?
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Terry,
The major differences are twofold. StubHub and other like them will stand behind the ticket. The second is that is some cases, the teams actually have a business arrangement with the Internet ticket reseller. But in principle of what the transaction is all about, not a whole heck of a lot, my friend
-- Bill O.
Posted by: TerryP | January 24, 2008 2:45 PM
I believe legimate ticket resellers, are also paying taxes on what they profit they make and they are employers, so they are paying and putting people to work. Which helps the economy.
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That would be true, one would assume.
-- Bill O.
Posted by: Captain Jack | January 24, 2008 4:53 PM
Maybe we should make over the statue of liberty to get more visitors. Wrigley is fine for making money and putting people in the seats.
Peace...Iron Mike
Posted by: Educated Bet | January 25, 2008 9:56 AM