Knicks Tickets Soar With Carmelo Acquisition
CNBC Sports Business Reporter
Welcome back, New York Knicks, you're the hottest ticket in town again, thanks to the acquisition of Carmelo Anthony.
Late last night, as the Denver Post broke news of the deal, ticket sellers started pulling the seats they had been offering and relisting them for as much as double the price.
StubHub spokesperson Joellen Ferrer said that the average price for tickets sold on the eBay-owned site for Wednesday's home game against the Milwaukee Bucks before the trade went down was $91. Now, it's $262.
Christian Anderson, spokesman for FanSnap, a ticket listing search site, said that the average listing for tomorrow's game jumped from $242 to $531, as sellers gained more confidence.
StubHub sold two courtside seats for $2,555 each on Tuesday for the Bucks game, but Jim Zissler from Inside Sports & Entertainment Group, a full service corporate hospitality company, says the premiere seats will jump even more when the Wall Street types, taking advantage of the Monday holiday, comes back next week.
Zissler said that, even before Anthony, Knicks games have been strong all year, citing games against mediocre teams, the Kings and the Pacers, as good draws.
For all those who are jealous from those making money from Carmelo's arrival, don't forget to account for those brokers who invested in the Knicks before the good times hit.
One broker, who left his job as an accountant to sell tickets three years ago, opened up his books for CNBC, providing that we did not mention his name.
Over the course of the last three seasons, he estimates he has lost at least $40,000 trying to get rid of his tickets. He bought 49 season tickets this year hoping the Knicks would land LeBron.
He says he has made $15,000 on this season and is relieved the team signed Anthony. His one problem? He sold his seats too early for Wednesday night's game and therefore thinks he lost a potential $10,000 in profits.
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