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April 4, 2013Michigan is usually a good draw, no matter the sport. This year is no different.
Prices for tickets this year have effectively doubled as compared to last year's Final Four, and as of now it's costing fans about $700 to get into the semifinals alone, or $400 to buy a ticket to just the National Championship game. Particularly bullish fans can buy an all-session ticket right now for an average price of $1,000.
Seatgeek.com reports that waiting might be the buyer's course of action.
"Based on trends we've seen on secondary markets for past Final Fours, we'd encourage fans to sit tight as prices are likely to fall from these lofty averages in the coming days," they said. "Particularly for fans who might be patient and pass on the Semifinals in the hopes that they can attend a Michigan appearance in the Finals, there will be good deals to be had on Finals tickets come Sunday, when the markets will be flooded with tickets from fans who supported schools knocked out in Saturday's semifinals.
Some factors could be the inclusion of popular schools such as Syracuse and Michigan that have not made the Final Four in a number of years, as well as the fact that the Georgia Dome is a smaller venue than last year's Final Four site (the Mercedes-Benz Superdome). There are about 5,000 less seats available in Atlanta this year than there were in New Orleans last year. The upper deck in the Superdome is also much larger than the upper level at the Georgia Dome, meaning there are fewer upper-deck cheap seats to go around this year to put downward pressure on average ticket prices.
"For last year's semi-final games we saw ticket prices drop significantly in the final few days leading up to tipoff," they said. "Average ticket prices two days before tipoff last year were $439, before falling to $316 the next day and then to $210 by gameday. These numbers show that tickets were 28% cheaper the day before the game relative to two days before and that tickets were 34% cheaper when purchased on the day of game compared to the day before the game. We'd expect similar price movement this year, so sit tight and wait a few days if you're still in the market for Semi-finals tickets.