ATLANTA – A ticket to the NCAA championship game for $25 could have been yours, if you’d been in the right place at the right time.
Fans hope for tickets. (Yahoo! Sports)Saturday night, there were less than three minutes left in the Louisville-Wichita State game, and the vultures were starting to circle. Their prey: the poor heartbroken fans of whichever team was about to fall in the NCAA Tournament semifinal.
Why? Simple. Because when your team falls early in the NCAAs, you’re still most likely holding still-good tickets to future games, thanks to the ticket package you’ve already bought. And even though your championship dreams are worthless, your ticket remains extremely valuable.
How valuable? Depends on the minute, really; tickets are more volatile than dot-com IPOs (with roughly the same shelf life). But consider: the ratio of would-be buyers to sellers outside the Georgia Dome Saturday night was, conservatively estimating, at least 30-1. That meant some quality tickets were selling for $400 and up, cash-in-hand.
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