Each year, "The Schork Report" analyzes the price inflation of Super Bowl tickets in relation to the price of gasoline.
The price of admission to the first Super Bowl following the 1966 season “cost” 31 gallons of gasoline. Today, one Super Bowl ticket (face value) is the equivalent price of nearly 400 gallons!
Absurd indeed, but then again, in 1966 the notion of paying $1.50 for a pint of “spring water” would have been considered absurd.
If you go to any of the various aftermarket (i.e. state-sanctioned scalping) Web sites, e.g. StubHub.com, a “cheap” seat in the nosebleed sections cost $1,400. That is a 13,920 percent increase from 1966.
If you want a “good” seat, say 35 yard line, 12 rows from the field, then one ticket is going to set you back $4,340 — i.e., a 43,300 percent increase from 1966.
We don’t know about you, but we think that is a lot of money for the utility of sitting in the South Florida rain to watch an 11 minute halftime show by The Who performing a “medley” of their hits and (what is often) a mediocre football game.
Stephen Schork will appear on "Squawk Box" on Friday, Feb. 5 to discuss.
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Stephen Schork is the Editor of, "The Schork Report"and has more than 17 years experience in physical commodity and derivatives trading, risk systems modeling and structured commodity finance.