The Ticket resale market is picking up as all six divisions race for the MLB Pennant. Currently, there is only one team, the Philadelphia Phillies, who have a lead bigger than three games. The Phillies lead the Atlanta Braves by three and half games in the National League East. In the American League, every division leader has a lead of one game or less. The Milwaukee Brewers and the St. Louis Cardinals are tied with the Pittsburgh Pirates who are just one game behind the division leaders. In sum, 17 of the 30 MLB teams are within six and a half games of first place. Very exciting!
These close races mean that the ticket resale market is getting hotter. This is a welcome change as the MLB ticket resale market was fairly sluggish previously this year. 10 teams’ resale tickets are selling at a higher price this year than last year, and only 5 of those teams are in the running for the pennant. The San Francisco Giants are one of those teams. The Giants entered the All-Star Break with a three game lead over the Arizona Diamondbacks in the NL West. The reigning World Series Champions had a resell price hike of just under 45% from the previous year, the biggest gain this year.
The second place title goes to the Los Angeles Angels of Anaheim, who came into the Break with just one game shy of the Texas Rangers in the AL West. The Angels resell market tickets price has a 41.38% hike from last year.
Other teams that are still in contention for the pennant that had a nice price hike recently include the Rangers, the Pittsburgh Pirates and the Cardinals.
Hot tickets for teams that are no longer in contention for the pennant include the Florida Marlins who have had the biggest boost on the resale market among those who are no longer in the running.
The Phillies and the Red Sox have the longest sell streaks in baseball, so their ticket prices have held steady. That shouldn’t be surprising. Their tickets are always popular on the resale market.
Some teams, while they still in the playoff race, their ticket prices are dropping fairly significantly. Those teams include the Minnesota Twins, Cincinnati Reds, New York Yankees and the Chicago White Sox. I would expect the Yankees tickets to be hot now that Derek Jeter surpassed the 3,000-hit mark.
The team with the worst drop in the resale market should not come of surprise, the New York Mets. Their association with Bernie Madoff certainly has damaged the public opinion of the team.