Saturday, September 30, 2006

How much would you pay???

By now everybody knows that college football is in full swing. Currently in NCAA rankings, my Ohio State Buckeyes are the number one team in all the land! Later today, they will be taking on the thirteenth ranked Iowa Hawkeyes at Kinnick Stadium, which is in Iowa City. For those of us who are not lucky enough to have tickets the game, it will be broadcast in front of a national television audience on ABC. But what about those people who do have tickets to the game?

Now I am a diehard Buckeyes fan, but for the right price, I would be willing to sell my ticket to any Ohio State football game (if I had one)! From economics, we know that as the demand for an item goes up, the price for that particular item goes up, especially as the quantity available for the particular item decreases. This is where the economics of the football game come in. Currently on eBay - Ohio State vs. Iowa, Ohio State vs. Iowa Tickets items on eBay.com, a single ticket to the game costs up to $900! Considering that the typical student ticket to any one of these games ranges from $25 to $50, that is a pretty nice profit for a single game ticket. Now, this is just a ticket to Ohio State against Iowa. For a ticket to the biggest rivalry in all of sports, Michigan vs. Ohio State, one can only guess and wait to see how high ticket prices skyrocket for this amazing game. Especially if both teams are undefeated when the Wolverines come to the Horseshoe and take on Ohio State this upcoming November 18th.

So what would you do if you were a student at Iowa and had a ticket that you could potentially sell for $900 or more? What if you were a student at OSU and had a ticket to big game against Michigan: go to the game or illegally sell the ticket? As aforementioned, I'm a huge Buckeyes fan and a have a hatred for the Michigan Wolverines. But if I had a ticket to the game and could sell it for $500 or more, you better believe I'm selling that ticket and settling the watch the game on a big screen television somewhere! How about you?

8 comments:

Matt Sleyzak said...

I myself am a huge buckeyes fan, and I totally agree about selling my Iowa vs. OSU for $500 dollars or more. But when it comes down to the Buckeyes vs. Michigan and both are undefeated you better believe if I had a ticket I would be at that game. I mean yeah, $900 for a ticket I only paid $100 for would be a nice profit. But this game only comes around once in a lifetime I mean 1 versus 2, the biggest rivalry ever to live. Yeah I would have to go to the game and have that lifetime expierence because that only comes around once but you'll always have other chances to illegaly make money.

Geoff Enz said...

As a huge Buckeye fan I would not see the ticket that I have because my happiness outweighs the amount of money that I could receive for that ticket. I know it would be tempting to sell my ticket for a hefty profit that would go directly into my pocket. The thought of seeing the number one team in the nation play as many games as I could see brings shivers down my spine just thinking about it. It is people like me that are willing to pay the inflated scalper price to see their favorite team play. So if I had the ticket to see Ohio State play I would keep it and treasure the idea of getting to see my favorite team play in a great atmosphere.

Leland said...

As a college student, and a diehard college football fan this is a everlasting dilema. I think that for some games such as Michigan Ohio State the memories are worht more than the money. However if very strapped for money, scalping is very profitable. College sports arent about the money, it's about pride, and cheering for your team at the game is the ultimate pride.

Paige Burton said...

I am not an Ohio State fan, however, I would sell the ticket if I had the chance. Of course by selling the ticket, I lose the ambiance of actually being at the game, but I’m sure I could find better uses of the money that I earned on the ticket. There are other benefits of selling the ticket besides money. For example, by watching the game on TV, I could be with more of my friends, not suffer from the weather, and possibly save money (maybe money I would have spent on concessions). Of course the money I would have gained from selling the ticket would be most important, it’s hard to recapture the atmosphere of the game at home. Maybe instead of Ohio State playing, if it were the Cleveland Browns in a super bowl game, I would not sell the ticket!

borichardson said...

As a poor college student, and not the biggest football fan, I would probably sell the ticket. However, Going to the OSU and Michigan game would be an amazing experience. But then, you have to consider the driving time, the lines, the food prices, the annoying fans (a few are), and anything else that could come up during a trip. I personally feel that the opportunity cost of giving up a comfortable couch, big screen, and all my friends is far to great to go see the game. I think that the smart/economic thing to do would be to sell the ticket.

EricWilson said...

I am a poor college student a big buckeye fan with limited money to spend. I would definatly sell the OSU vs. Iowa game to make a profit but the OSU vs. Michigan game I would attend. I say this because this could be a once in a lifetime chance to see a game like this especially if they are both undefeated this might never happen again in my lifetime. You can always do something for money but you wont always be able to get a ticket to this game for a reasonable price even if there records aren't the best, it is the biggest rival in all of sports. I would be attending this game if I had the chance of 25$ to 50$ a ticket.

Mike Stanek said...

Ok if I had my hands on a ticket to the Ohio St. vs Michigan game I am there. It's true that a person would be able to sell that ticket for an unbelievable price, say $500-$1000, but money wouldn't buy what attending that game would be. Last year, I went to the OSU game versus Northwestern, and that alone was an amazing experience just to be in the Shoe, seeing Script Ohio with TBDBITL, the 100,000+ screaming fans, and just the history of The Ohio State University football was extremely worth it. Now if it was OSU vs. Michigan, and a National Championship bid on the line, it would be 100 times worth it than money.

varna said...

Nice article.Keep it writing.Cheers.