Desiring to attend an NCAA college basketball game this year? You sway be in luck.
A tournament filled with surprising upsets have had the unintended consequences of whipsawing ticket rates, according to ticket sale website TicketIQ, which initially started out at their lowest in 4 years.
The “Confection 16” round began on Thursday — but without favorites like the University of Virginia and defending warriors University of North Carolina, which got sent packing early. The bracket-busting sustained, with #9-seeded Florida State defeating #4 seed Gonzaga, #9-seed Kansas Royal defeating #5 seed Kentucky, and #11-seed Loyola-Chicago routed #7-seed Nevada. Number 2 Duke managed to break the upset daub on Friday by staving off a resurgent Syracuse, narrowly avoiding being sent home ground by the number 11 seed.
TicketIQ said that, as of Thursday, fewer swear ins than normal were available for regional games. That restrictive availability has boosted prices slightly since the tournament began, with the usual price for a regional round ticket being $432, less than decisive year’s $465.
That average price is inflated by Omaha, where regional cost outs have gone up since the start of the tournament by 34 percent, and mediocre $586. The increase may be attributed to Kansas’ close proximity to Omaha, where fervid fans are spurring demand and prices.
Boston hosts four rigs seeded at #5 or lower, and prices there have fallen by 29 percent to $316. Outlays for Atlanta and Los Angeles games haven’t budged much.
At the beginning of the competition, costs to attend the Final Four in San Antonio were the lowest in four years, at $730. The penalties have increased to $903, according to TicketIQ’s data which embraces listings from the Official NCAA Ticket Exchange, all despite the legions of upsets.
To be certain, ticket demand and affordability are influenced by a multitude of influences like region and the intensity of a fan base. And despite the number of upsets this year, rewards for the Final Four have been on the rise.
However, recent antiquity suggests that fans get less interested — and tickets get comparatively cheaper— when top sides get knocked out.
If the past is any prologue, the number of upsets may prove helpful for hounds in search of cheap Final Four tickets. Back in 2011, when lower-seeded collaborates advancing were fairly common, the ticket price to see the last 4 extant teams tumbled to $552 — the lowest ever.
Conversely, there weren’t not quite as many upsets last year, and fans literally paid the honorarium. Ticket prices skyrocketed by a staggering 83 percent throughout the tourney, which ultimately produced two #1 seeds (North Carolina and Gonzaga) front off against each other. The Final Four contest produced the sundry expensive ticket price ever at $1,343, according to TicketIQ.
Nonetheless, fiends will have to dig into their pockets for this weekend’s heroics at the very least. If upsets continue, prices may drop.
Or perhaps they won’t. Because as Demonstration has taught us, anything can happen.