1.84 Crore! IND vs PAK T20 World Cup Tickets Soar To Astronomical Prices In Resale Markets- Report
T20 World Cup 2024: Tickets for marquee encounters, including India vs Pakistan are vanishing rapidly during the official sale, only to reappear on resale platforms like StubHub at staggering prices.
The anticipation surrounding the ICC Men’s T20 World Cup 2024 in the USA and the Caribbean has reached unprecedented levels, with the clash between cricket giants India and Pakistan in New York becoming the epicentre of ticket frenzy. Despite an initial modest start of $6 (INR 497) during the official sale, the resale market is witnessing a surge in prices, elevating the cost to exorbitant heights.
Resale Market Surges With Astronomical Prices
Tickets for marquee encounters, including India vs Pakistan, are vanishing rapidly during the official sale, only to reappear on resale platforms like StubHub and SeatGeek at staggering prices. The resale market is witnessing these tickets being offered at least double their original cost, with some reaching an astonishing margin.
VIP Ticket Prices Soar To Unprecedented Levels
VIP tickets for the India vs Pakistan ICC T20 World Cup match, initially priced at $400 (INR 33 Thousand) (excluding taxes) on the official website, are hitting resale platforms at an extraordinary $40,000 (INR 33 lakhs). With additional platform fees, the total climbs to nearly $50,000 (INR 41 Lakhs), rivaling the cost of courtside NBA Finals tickets.
Cheapest Resale Ticket Still Exorbitant
Even the "cheapest" resale ticket for the India vs Pakistan match is far from affordable, currently priced at approximately $1,259 (INR 1.04 lakhs) on StubHub. On SeatGeek, the lowest price is slightly lower at $1,166 (INR 96k), still significantly surpassing the original cost.
Comparison with Major Sporting Events in the USA
These resale prices are reaching and, in some cases, surpassing the costs of attending other major sporting events in the USA. While the average World Series ticket last year cost around $1,100 (INR 91k), and the average Super Bowl 58 ticket reached $9,000 (INR 7.45 Lakh), the India vs Pakistan T20 World Cup match is setting new records on the resale market.
Extreme Inflation In Resale Market
On SeatGeek, the highest-priced ticket for the India vs Pakistan match reaches an astounding $175,000 (INR 1.4 Crore). With additional fees amounting to $50,000 (INR 41 Lakhs), the total cost nears a quarter of a million dollars (INR 1.86 crore), highlighting the extreme price inflation in the resale market. Cricket enthusiasts are facing unprecedented costs to witness this much-anticipated clash between arch-rivals.
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