Coronavirus hits resale ticket prices in US sport

Ticket prices for US sporting events have drastically fallen on the secondary market after the World Health Organisation (WHO) declared coronavirus a pandemic.

According to data from resale ticketing platform TicketIQ, the lowest price for this year’s opening round of golf’s Masters at Augusta is $1,458 on StubHub and just $1,080 on SeatGeek. For comparison, the average asking price of a badge for a Thursday opening round was $3,616 in 2016, $3,211 in 2017 and $4,475 in 2018.

Price drops can also be seen in other sports across the US, including in the NHL ice hockey league.

According to Ticket IQ data provided to CNBC, NHL ticket prices are down 5.6%, with the most significant drops coming to the New Jersey Devils (down 33%), New York Islanders (down 32%) and LA Kings (down 31%).

Head to our sister site TheTicketingBusiness.com for the full story.

Image: Torrey Wiley