It’ll be more complicated to turn a quick resale profit on tickets to the May 2 fight between Floyd Mayweather and Manny Pacquiao.
Organizers are requiring buyers of tickets at Thursday’s limited public sale to pick them up in person in Las Vegas beginning Wednesday. That means listing the ticket on the secondary market requires being there in person to pick it up, then selling it during the four days before the fight.
Chris Matcovich, spokesman for ticket aggregator TiqIQ, said this unusual requirement makes distribution easier for the fight organizers and harder for the average person trying to resell.
“For brokers, this means they will have to make the trip to Vegas and fill the order in a hand-to-hand manner,” Matcovich said in an e-mail.
Less than a thousand tickets will be sold publicly at price points ranging from $1,500 to $7,500. There is a limit of four tickets per household. The Ticketmaster website says tickets must be picked up at the MGM Grand Garden Arena with an ID and the credit card that was used, with “no exceptions.” Any tickets not claimed before 3 p.m. Pacific time on the day of the fight will be released.
Tickets have been listed on speculation on some resale websites since the fight was announced in February. On TiqIQ the average price is $10,973, slightly higher than this year’s Super Bowl ($10,466). The cheapest ticket is listed at $4,477 and the most expensive listed at $77,500.
The fight is expected to shatter previous boxing revenue records. Conservative estimates from promoters say the fight will produce at least $300 million, split 60-40 in favor of Mayweather.