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Inside the astronomical ticket prices for sporting events and concerts 70%
6/8/2026, 4:49:09 PM
BS Summary: This video contains 30 faulty reasoning types, including Overconfidence Bias, Negativity Bias, and Availability Heuristic, with Hasty Generalization as the most egregious example at 26.6% saturation with 186 hits. Analysis detected 1,791 faulty-reasoning hits from 698 analyzed words, generating a BS Score of 62.8% and a BS Rank of 70% (6,657 of 21,887 videos). This video is worse (more manipulative) than 69.60% of the video peer group.
Tonight is game three of the NBA finals between the New York Knicks and San Antonio Spurs at Madison Square Garden.
And it's costing fans some serious cash
to be in the room. The average cost on the secondary ticket market is more than $8,000.
That's up from 3,000 around 3,000 when they first went on sale on May 27th.
And if you're thinking about sitting courtside, those seats are going for more than 50k.
And this is just one of the many examples we are seeing of how live events are getting more expensive.
Joining us now is CBS News consumer business and technology producer Joe Enoch.
So let's talk about a couple other events. Harry Styles doing a few night residency at MSG.
That's going to put you back at least 400 bucks.
World Cup at Metife Stadium, we're seeing those go for $1,500 plus. Why are we seeing such high ticket prices?
>> Well, this has been a long time coming.
It exploded after the pandemic and prices have just been getting higher and higher. We have this K-shaped economy, a lot of people at the top who do have a lot of money, people at the bottom who don't.
The reality is is that the teams, the artists, the venues are catering towards those people at the top.
You look at all the recent stadiums that have been built, you've got luxury seating, you've got boxes. They're trying to sell tickets to corporations and fewer bleacher seats to individuals.
>> All right. So, we know President Trump is going to be there tonight.
Let's go ahead and play some of what he said Friday when he was asked about ticket prices.
>> I know, but they can watch it on television.
It's sort of semire to watch it on television, but that's the way life goes.
You know, you have some and
now if the game wasn't a big if the team wasn't a big success, you could go very easily.
So, you know, you can you can do that, too. But that's the way life is.
>> Is that the way life is? Does it have to be?
>> Um, I think people trying to find comfort. In the president's words, they're not going to find a whole lot going to find a whole lot there.
there. Um, sadly, I think it is true.
Um, I mean, tonight's game is a rare event.
I mean, the Knicks haven't been this far in the postseason since 1999.
There's a lot of pent up excitement about tonight's game, so it is rare.
But the reality is is that so many of these tickets are being sold on the secondary market, websites like StubHub, places like that.
And as long as there are people willing to pay $8,000 for
nosebleleed seats, tickets that are originally like $500, as long as there's people willing to pay that, there's someone willing to sell those tickets.
>> All right. So, are there any solutions here or anywhere people can save some money?
>> Yes, there are. buy tickets directly from the venue, the artist, the the the team's website
>> on sale, you gota boom, you gota be there.
>> You got to be on it and buy it directly from them.
You go to a secondary website, the fees could be higher.
Um, you never know what you're going to get there.
there. Also, join the loyalty uh the loyalty programs.
Um, usually the artists and the teams, they want to have their best fans there and they're going to let them know in advance when those tickets go on sale.
If you're going to a concert, buy early.
Generally speaking, those tickets on the secondary market, they increase in value closer to the event. Sports, generally the same thing.
However, if you're standing outside the arena and you don't mind missing a few minutes or a few innings, press buy once the game starts and you can save a few hundred.
>> Okay, few hundred. That's not nothing.
All right, Joe Enoch, thanks so Thank you, Lindsay.
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