Prices Swell At Coors...
This week, we got a lesson in basic economics -- the theory of supply and demand.
If I had to guess, I'd say the Colorado Rockies draw an average of 20,000 people to Coors Field on a given night. Ticket prices are very reasonable, specifically for a team that is routinely under .500.
Because the Yankees are in town for interleague play, we've seen a price increase of roughly 75%. As I drove past the stadium this evening, the house was near full capacity and on their feet for the 7th inning stretch.
Again, supply and demand.
Of course there are a significant number of Yankees fans in Denver (or any city for that matter), but it's obvious people are willing to pay the price.
While the casual sports fan complains that ticket prices are too high, it's a belief that is shared amongst all of professional sports. MLB, NFL, NBA, & NHL are all accused of isolating the casual fan in favor of the wealthy or corporate buyers, but I find that I disagree.
Don't I always disagree? I actually believe that tickets are under priced.
Scalpers and resale websites like StubHub are proof that if management wanted to charge more, they could. I bought scalped tickets to Opening Day in 2006 and paid significantly more than face value. I would have paid more.
Yankees vs. Red Sox can cost several thousand dollars. The waiting list for Green Bay Packers season tickets is approximately 35 years. The Colorado Avalanche have sold out 97% of their home games.
It's obvious people are willing to pay more.
Maybe the extra cash will allow the Rockies to get an extra bat for the stretch run after the All-Star break.
If I had to guess, I'd say the Colorado Rockies draw an average of 20,000 people to Coors Field on a given night. Ticket prices are very reasonable, specifically for a team that is routinely under .500.
Because the Yankees are in town for interleague play, we've seen a price increase of roughly 75%. As I drove past the stadium this evening, the house was near full capacity and on their feet for the 7th inning stretch.
Again, supply and demand.
Of course there are a significant number of Yankees fans in Denver (or any city for that matter), but it's obvious people are willing to pay the price.
While the casual sports fan complains that ticket prices are too high, it's a belief that is shared amongst all of professional sports. MLB, NFL, NBA, & NHL are all accused of isolating the casual fan in favor of the wealthy or corporate buyers, but I find that I disagree.
Don't I always disagree? I actually believe that tickets are under priced.
Scalpers and resale websites like StubHub are proof that if management wanted to charge more, they could. I bought scalped tickets to Opening Day in 2006 and paid significantly more than face value. I would have paid more.
Yankees vs. Red Sox can cost several thousand dollars. The waiting list for Green Bay Packers season tickets is approximately 35 years. The Colorado Avalanche have sold out 97% of their home games.
It's obvious people are willing to pay more.
Maybe the extra cash will allow the Rockies to get an extra bat for the stretch run after the All-Star break.
Labels: Baseball, Basketball, Colorado Avalanche, Colorado Rockies, Football, Hockey, Sports
Great theory there but i think you missed out on one part. When you said in the end that you hope the Rockies had another bat with the cash your entry turned into a Bill Simmons hope article because yes, those tickets prices might be increased 75% for the Yankees but that increase isnt from the Rockies. Its from the people who sell the tickets on stub hub and other places, so the Rockies will only be able to cash in on hotdog sales and such. They have great attendance numbers for a team with their record.
Posted by
Rickey Di Dio |
June 21, 2007 at 2:09 AM
Actually Rickey, let's clarify.
The Rockies are the ones causing the price increase, because they've raised ticket prices strictly for Yankees games.
If you read their schedule with ticket prices, there's two columns: (1) individual game prices and (2) individual Yankee game prices.
They're seeing a significant jump in revenue, and creating a playoff atmosphere at the ballpark.
Posted by
M. Derrick Davis |
June 21, 2007 at 12:23 PM
i stand corrected then. I didnt look at the rockies prices but after review they are significantly higher. But then again people do pay more to see a club that has won 26 world series. sorry, had to throw that last number in their. the rockies are in a unique position because yes, they could go get a big bat for some money and make the playoffs but they are close enough as it is that maybe they could use an arm more than a bat since you cant ever have too much pitching. what is unique about their situation is that, yes its only june, but they are right in the thick of the division and the wild card and there is probably ZERO pressure on them as compared to the dodgers, padres, and dbacks.
Posted by
Rickey Di Dio |
June 21, 2007 at 12:58 PM