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I had a little free time at work so please forgive me LOL.They had a thing on the local news web site with a pic of every super bowl ticket. The first super bowl in 1967 the ticket price was $10.00. Now the minimum wage in 1967 was $1.00/hour. So the price of that ticket could be covered in about an about a day and a half worth of work. Now fast forward to 2010 (I used 1967 and 2010 because the pics of these tickets had similar seating assignments) where you would spend $600 for a super bowl ticket. The minimum wage in 2010 was $8.25. Which would require average Joe to work 72 hours for said ticket. I was just wondering why such a large jump in prices over the forty some years.
I had a little free time at work so please forgive me LOL.They had a thing on the local news web site with a pic of every super bowl ticket. The first super bowl in 1967 the ticket price was $10.00. Now the minimum wage in 1967 was $1.00/hour. So the price of that ticket could be covered in about an about a day and a half worth of work. Now fast forward to 2010 (I used 1967 and 2010 because the pics of these tickets had similar seating assignments) where you would spend $600 for a super bowl ticket. The minimum wage in 2010 was $8.25. Which would require average Joe to work 72 hours for said ticket. I was just wondering why such a large jump in prices over the forty some years.
Why?
Because they can! And they WANT to grab as much money as they can....
Besides, in 1967, the Super Bowl was not the event it is now....
I don't think they even sold out Super Bowl I which was called the World Championship between the AFL and NFL. It just wasn't as popular then as it is now so even at $10 or 10x you hourly salary, many folks didn't care to watch it. Today its so popular, that even if your willing to pay 72x your hourly salary for a ticket, you can't get one for face value. You have to go to the secondary market and forgo a few mortgage payments for a ticket. It's basic economics of supply vs demand. Demand is at an ALL TIME high and supply has remained stable since 1967..
It wasn't as popular in 1967 because A) it was a brand-new concept, B) not everyone around the country had a lot of respect for the AFL, C) the outcome was hardly in doubt; Green Bay was going to win, and D) football was still a sport in 1967, not the media event it's become in the years since.
I had a little free time at work so please forgive me LOL.They had a thing on the local news web site with a pic of every super bowl ticket. The first super bowl in 1967 the ticket price was $10.00. Now the minimum wage in 1967 was $1.00/hour. So the price of that ticket could be covered in about an about a day and a half worth of work. Now fast forward to 2010 (I used 1967 and 2010 because the pics of these tickets had similar seating assignments) where you would spend $600 for a super bowl ticket. The minimum wage in 2010 was $8.25. Which would require average Joe to work 72 hours for said ticket. I was just wondering why such a large jump in prices over the forty some years.
Consumer demand is the reason the prices have climbed so high.
also keep in mind that demand is so high, you need to consider yourself very fortunate if you only pay $600 to get into the SB ....... "average guy" who really wants to go is probably going to have to buy tickets in the secondary market and pay $2k+ per seat
The choicest seats for the Super Bowl this year were officially $1200, but the average paid on the secondary market was at least twice that.
The year I went, 1987, the price on the ticket was $75, but they were selling for $1200 to $2000+. We paid either $10K or $12K (can't remember) for four upper tier seats but got season rights with them.
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