The upcoming ICC Men’s T20 World Cup 2024 has generated immense excitement, particularly around the high-profile match between cricketing rivals India and Pakistan scheduled to take place in New York. Despite the initial ticket prices starting at a modest $6 (INR 497) during the official sale, the resale market has witnessed a surge, leading to exorbitant prices.
Resale Market Surge
Tickets for marquee encounters, including the India vs Pakistan clash, have been rapidly disappearing during the official sale, only to reappear on resale platforms like StubHub and SeatGeek at staggering prices. The resale market is seeing these tickets being offered at least double their original cost, with some reaching astonishing margins.
VIP Ticket Prices Soar
VIP tickets for the India vs Pakistan match, initially priced at $400 (INR 33,000) on the official website, are now 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.
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
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.
Stay updated with all the cricketing action, follow Cricadium on WhatsApp, Facebook, Twitter, and Instagram
