After being shut out of sports activities arenas for a yr, Boston sports activities followers are shelling out big sums to observe the Pink Sox, Bruins and Celtics play in individual.
Pent-up demand and restricted provide are driving ticket costs to file highs, even with capability limits at Fenway Park and TD Backyard set to double Monday to 25%.
Common resale costs for the Pink Sox, Celtics and Bruins are within the $350 vary this season — about $200 greater than when followers have been final allowed by way of the turnstiles previous to the pandemic, in accordance with TicketIQ, a agency that screens costs.
“The secondary market common listing costs for every workforce are simply their highest since we started monitoring information in 2010,” stated TicketIQ Vice President Greg Cohen.
Face-value tickets might be arduous to seek out as a result of groups supplied season ticketholders most of the seats that turned accessible in late March, when state officers lifted a ban on followers within the stands and set the preliminary attendance cap at 12%.
Whereas it’s potential to get a discount on the field workplace — attempt a weeknight within the nosebleed part — marked-up tickets on resale marketplaces like StubHub and SeatGeek are typically the one possibility.
The demand for tickets is also fueled by the native groups’ success, stated Cohen of TicketIQ. Each the Bruins and Celtics are sure for the playoffs. And although it is early within the baseball season, the Sox have topped their division.
“Regardless of the rise in attendance limits” that takes impact Monday, Cohen stated, “the typical costs for the groups have not gone down.”
One other issue is that some followers can afford to pay exorbitant costs as a result of they spent so little on sports activities tickets, consuming out, and different kinds of leisure in the course of the previous yr, stated Victor Matheson, a sports activities economist on the Faculty of the Holy Cross. Whereas the pandemic has exacted a monetary toll on many households, others minimize bills whereas following public well being pointers and are flush with money.
“Financial savings charges went means up over the past yr, as individuals ran out of issues to spend cash on whereas nonetheless having a safe job incomes the cash,” Matheson stated. “So, persons are sitting on quite a lot of disposable revenue.”