Boxing's biggest fight in years has reached Super Bowl-level prices in the resale market-and with the bout completely sold out, that's the only market that exists anymore. (Tweet This)
The average asking resale price for the May 2 bout between Floyd Mayweather and Manny Pacquiao stood just short of $11,000 on Thursday, according to the secondary market ticket site TiqIQ. The mean price is $500 higher than this year's Super Bowl and trumps any boxing match in the last five years.
The most expensive seat-a fifth-row ringside view-was priced at $77,500. The "get-in" price, or cheapest ticket to attend the event, hit nearly $4,500 on Thursday.
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Resale seats were going for about three times face value, said Jesse Lawrence, founder and CEO of TiqIQ. Face-value tickets for the fight at the MGM Grand in Las Vegas went on sale at 3 p.m. EDT Thursday, and sold out immediately, according to reports.
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