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?
3 comments:
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.
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.
Nice article.Keep it writing.Cheers.
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