The Kobe Bryant Price Effect

On November 29, 2015, Kobe Bryant officially announced that this would be his final season in the NBA. Bryant has been in the league for 20 years and will undoubtedly be in the Hall of Fame. He is a legend and will go down in history as one of the greats. Here is a video of his first interview after the announcement.

Besides the fact that Kobe Bryant is a legend and that there will never be another player like him, Kobe’s retirement news creates HUGE profit opportunities.

Great news for Lakers season ticket holders 

Unless you are a Lakers season ticket holder or like me, bought tickets before the start of the season at face value, getting tickets will cost you a pretty penny. The ticket prices for the final Lakers home game shot up 240% from the day before the announcement.

According to SeatGeek, on Sunday morning the median listing price of a Lakers ticket was $397, but it has now jumped to $1,350 (240%). The cheapest ticket has gone from $124 to $571. So if you already have Lakers tickets in your possession, get ready to start thanking Kobe because you have the potential to make triple the profit off of them.

Everyone wants to get in on the action and witness Kobe in his final season, don’t let this once in a lifetime opportunity slip by. This is a perfect example of why it is so important to know your product as mentioned in my first post. I foresaw that Kobe was at the end of his career and took the risk of buying some Lakers tickets before the start of the season, hoping that the value would increase. It was probably the best decision I made all year.

For more updates like this, follow my blog and subscribe to my emails to see the most up-to-date information on NBA ticket selling. You can also stay updated by following me on Twitter @courtsidebroker

 

 

 

Advertisements

2 thoughts on “The Kobe Bryant Price Effect”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s