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"5 Minutes Daily" Practice Challenge 1 2 3 4 913
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By Ty_Webb ·
As a supporter of the European team even though I chose to live in the US, this is kind of good news. I'm pretty close to Bethpage, but won't be going at these prices. Neither will the crazy drunk NY sports fans who would have made this a very difficult place to play as a Euro. The tickets will go to the city types who are entertaining clients and don't care about the money. Many of them are going to sit there and watch, not get all raucous. I am not dumb enough to believe that this is going to be like a Sunday afternoon stroll in the park for the Euros, but I think it will be significantly more subdued as a result of the prices. Even at $250 I would probably have been watching on the TV anyway so no real skin in the game. -
By iacas ·
First, it is on free TV. NBC is free to anyone with an antenna, and is on almost any TV in the U.S. with a minimal amount of effort. Charging "a bargain price" would be incredibly dumb. They charged $750 and the event sold out almost immediately. You could better argue they should have charged MORE, not less. What happens if you charge less: ticket scalpers buy up even more of the tickets because they see value: if tickets were $250, they'd clearly have sold for $1k or more on the secondary market. That's tremendous value. Fans would end up paying the same or more, or just not being able to go. Sure, a few who happened to be online at the precise moment on a fast connection and didn't fumble with their credit cards might have gotten tickets for $250, but the secondary market and ticket brokers would have scooped up the vast majority with automated processes and bots and scripts, then re-sold them later on. This way, fans get to purchase the tickets, and the PGA is earning that revenue, not the secondary ticket brokers. Econ 101. Supply and Demand. Nope. -
By Beastie ·
Tiger Woods on Ryder Cup pay: 'I hope they would get $5 million each and donate it all to charity' Edit - the link has no title, but basically Tiger wants $5 million for each US player to “donate to charity” They could put the Ryder Cup on free to air tv, and charge the fans a bargain price to get in. If you have to give the players $60 million, that’s why the tickets are $750. -
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