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Prices for OSU tickets are falling (a little bit)
If you want two seats together, you'll still have to pay $550 apiece for tickets with a face value of $59.
By Lucas Sullivan
Staff Writer
Thursday, November 16, 2006
Prices for Ohio State-Michigan tickets are cheaper than they were a month ago.
Unfortunately, they're still too high for most fans who want to see the No. 1 Buckeyes take on the No. 2 Wolverines on Saturday.
The number of sellers has equaled or surpassed willing buyers this week, which has created a buyer's market, say area ticket brokers.
But beware: If you want a pair of seats together, most Web sites and area brokers are asking at least $550 each for them ? about nine times the face value of a $59 ticket.
"I hate Michigan week," said Alan Nelson, owner of Classic Tickets in Dayton. "We make less money because the turnover is less and people want more money for their tickets than they will ever get. Usually the phone conversation (with a seller) ends up in an argument and it's like talking to a wall."
Nelson said the market has become so saturated that tickets he was selling for $850 two weeks ago now are going for $550.
Prices on popular Web sites such as eBay have dropped, too.
According to market research conducted by the world's most popular auction site, there were 1,055 successful two-ticket auctions for the average price of about $1,300 from Oct. 11 through Tuesday. But in the past week, two-game ticket auctions have been selling for an average of $1,150.
The demand remains heavy, though, as 706 of those 1,055 tickets have been sold in the past two weeks.
On Nov. 3, four club seats and a parking pass sold on eBay for more than $11,000, after 27 bids.
Jamie Kaufman, president of Dream Seats, a brokerage firm in Columbus, saw a drop in prices, but that isn't stopping him from trying to make big bucks off the Buckeyes.
"We are extremely busy. I have 14 lines on hold right now while I am talking to you," Kaufman said. "We are getting hundreds of calls a day. Demand is still high and will probably be that way the rest of the week."
He said his phone lines are filled with more sellers than buyers.
"It makes sense that you have a $59 ticket and you can sell it for $300, $400 or $500," said Kaufman, who has anywhere from 30 tickets to 130 tickets at a time, depending on how many phones his five-member staff can handle.
Nelson said late Tuesday he was looking to buy if the price was right.
"I had this guy call in, and let's say he wanted $2,000 for his tickets and I told him, 'Sir, I am selling that same ticket for $650,' " Nelson said. "Then he says, 'OK, I'll take $1,500 for them.' It's madness."
Prices for OSU tickets are falling (a little bit)
If you want two seats together, you'll still have to pay $550 apiece for tickets with a face value of $59.
By Lucas Sullivan
Staff Writer
Thursday, November 16, 2006
Prices for Ohio State-Michigan tickets are cheaper than they were a month ago.
Unfortunately, they're still too high for most fans who want to see the No. 1 Buckeyes take on the No. 2 Wolverines on Saturday.
The number of sellers has equaled or surpassed willing buyers this week, which has created a buyer's market, say area ticket brokers.
But beware: If you want a pair of seats together, most Web sites and area brokers are asking at least $550 each for them ? about nine times the face value of a $59 ticket.
"I hate Michigan week," said Alan Nelson, owner of Classic Tickets in Dayton. "We make less money because the turnover is less and people want more money for their tickets than they will ever get. Usually the phone conversation (with a seller) ends up in an argument and it's like talking to a wall."
Nelson said the market has become so saturated that tickets he was selling for $850 two weeks ago now are going for $550.
Prices on popular Web sites such as eBay have dropped, too.
According to market research conducted by the world's most popular auction site, there were 1,055 successful two-ticket auctions for the average price of about $1,300 from Oct. 11 through Tuesday. But in the past week, two-game ticket auctions have been selling for an average of $1,150.
The demand remains heavy, though, as 706 of those 1,055 tickets have been sold in the past two weeks.
On Nov. 3, four club seats and a parking pass sold on eBay for more than $11,000, after 27 bids.
Jamie Kaufman, president of Dream Seats, a brokerage firm in Columbus, saw a drop in prices, but that isn't stopping him from trying to make big bucks off the Buckeyes.
"We are extremely busy. I have 14 lines on hold right now while I am talking to you," Kaufman said. "We are getting hundreds of calls a day. Demand is still high and will probably be that way the rest of the week."
He said his phone lines are filled with more sellers than buyers.
"It makes sense that you have a $59 ticket and you can sell it for $300, $400 or $500," said Kaufman, who has anywhere from 30 tickets to 130 tickets at a time, depending on how many phones his five-member staff can handle.
Nelson said late Tuesday he was looking to buy if the price was right.
"I had this guy call in, and let's say he wanted $2,000 for his tickets and I told him, 'Sir, I am selling that same ticket for $650,' " Nelson said. "Then he says, 'OK, I'll take $1,500 for them.' It's madness."
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