NEW YORK – If you’re looking for tickets to see UConn play at The Garden this weekend, the waiting game hasn’t helped yet. Ticket prices on the secondary market continue to rise, rise, rise. In fact, the average price has risen from $549 to $589 just between noon and 3 p.m. on Wednesday. It’s probably gone up further since I hit the “send” button on this post.
However, the folks at seatgeek.com do preach patience. Here’s an e-mail from Connor Gregoire of seatgeek with some facts, figures and advice.
The average ticket price for Friday’s regional semifinal doubleheader at Madison Square Garden is now $745, making it a more expensive ticket than the national championship game or Final Four semifinals session at AT&T Stadium in Arlington, for which tickets have sold for an average price of $692 and $581, respectively.
The average ticket price for Friday night’s session at MSG has more than doubled since UConn advanced to the Sweet 16 Saturday night. Tickets had been going for $342 each on average prior to the Huskies’ win over Villanova, and the get-in price (cheapest seat available) was hovering around $220 at that time. As of 11:45 a.m. EST Wednesday, however, the get-in price has rocketed up to $589 – nearly three times where it stood last week.
- Since Monday morning, the average ticket price has risen 34 percent from $554 to $745, and the get-in price has spiked 84 percent from $299 to $549. You can currently purchase a full strip to this year’s Final Four (includes a ticket to both the national semifinal session and the championship game) for as little as $259 — less than half the cost of the cheapest available ticket for Friday’s doubleheader at MSG.
The UConn-Iowa State/Virginia-Michigan State doubleheader is now the most expensive sporting event at Madison Square Garden since 2009 when we began collecting data, passing Game 5 of the 2012 Eastern Conference Finals between the Rangers and Devils. The only event to draw a higher average ticket price since 2009 was 12.12.12: The Concert for Sandy Relief; tickets for that event went for an average of $1,026 each on the resale market.
- UConn’s presence in the East Regional is the single biggest factor contributing to this continued surge in ticket prices for the games at MSG. In the 24 hours immediately following UConn’s upset of Villanova 40 percent of all shopping traffic for East Regional tickets on SeatGeek.com came from the State of Connecticut. Looking at all traffic from Saturday thru Wednesday morning, 24 percent of traffic to our East Regional event pages has come from Connecticut; including New York (28 percent) and New Jersey (eight), 60 percent of East Regional shopping traffic came from the tri-state area.
- Prior to this year’s games at MSG, the most expensive regional semifinal we had recorded was the 2011 East Regional, which was also held in the NY/NJ area. The average ticket price was $351 for that Ohio State-Kentucky/UNC-Marquette doubleheader at the Prudential Center in Newark.
- For shoppers still in the market for tickets, our recommendation would be for consumers to sit tight and wait for prices to edge down a bit. While prices won’t fall back to face value levels, or anywhere close, between now and tipoff, prices should edge down at least 10 percent so from where they stand now.