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03-29-2012, 11:27 AM
  #145
Cliffy1814
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Quote:
Originally Posted by patnyrnyg View Post
No they couldn't. They need to sell ALL of the tickets. Just because 200 tickets in the 400s sell for $150, doesn't mean 2000 will sell for that same price. You bring up supply and demand, but obviously you are not familiar with quantity demanded vs quantity supplied. The Yankees are the perfect example. They set their prices when the new stadium opened at what they felt was market value. As a result every Joe Shmoe bought packages with the thought, "I am buying 20-game package. I will sell 10 for double, and then I go for free." Well, when 10 people do this, it works. When 100 people, or 1000 people do this, it backfires. They wind up lowering their prices to get the tickets sold. When they lose money, they do not renew their package the following season and the Yankees are left calling people who previously bought practically begging them to buy seats. As much as the teams want to make every dollar possible, they also know they have to leave some meat on the bone for people who want to/need to sell for a profit.
I'm familiar with it, but we're comparing apples to oranges. The high end seats at Yankee stadium aren't exactly for the "common fan" and that was what this discussion was about.I'll go with it though and use your example to make my point.

The Yankees have made a very concious decision that brokers are not going to make money off of them (not their only motivation) They would rather sell for exorbinant prices to some and have empty seats than lower cost, sell all the seats, and have brokers make money off of them.

That was where my "Be careful what you wish for statement" comes from. The Rangers could do this as well if they chose to.

BTW I think they would sell 2000 seats in the 400's @ 150 a pop pretty easily if they chose to for playoff games.

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