New York, NY (PRWEB) February 18, 2010
SeatGeek, a free search and forecasting service for the resale ticket market, today released SeatGeek TicketPulse,™ the first in a series of research reports that analyzes data in the resale ticket market and identifies the top trends across sports and concert events.
The inaugural SeatGeek TicketPulse™ report examines resale market ticket trends at the midway point of the 2010 NBA season. On the heels of this week’s NBA All-Star game, SeatGeek analyzed transaction data from the major ticket resale websites, identified top trends and made several predictions about the second half of the NBA season. The full report can be seen by visiting http://www.seatgeek.com/ticketpulse
Key findings uncovered in the SeatGeek TicketPulse report include:
I. NBA’s Best and Worst Values: SeatGeek ranked the top 5 NBA teams that provide fans with the most AND least ‘bang for the buck,” by comparing average ticket price with the team’s performance (win/loss record) on the court. Key findings include:
1. With an average ticket price of $32.47, The New Orleans Hornets represent the best ticket value in the NBA, followed by the San Antonio Spurs ($42.66)
2. Major market teams including the Lakers ($144.09), Celtics ($133.90), and Bulls ($88.77) are among the worst values in the NBA, as higher demand has translated to inflated ticket prices for these teams.
II. NBA StarPulse: SeatGeek examined which NBA stars and teams command the most interest on the road. Below are the top 5 road attractions that command the highest average ticket price. Key findings include:
1. "King” Lebron James and the Cleveland Cavaliers command the most interest from visiting crowds with an average ticket price approaching $180.
2. After making the NBA finals last year, prices to see Dwight Howard and the Orlando Magic on the road are averaging close to $100.
3. Three-time NBA champion Tim Duncan, one-time NBA champion Dwayne Wade and perennial all-star Dirk Nowitski all command ticket prices below the NBA average.
4. Tickets to see the talented sophomore, Kevin Durant, are still below the league average of $81.
III. Top 10 Games for the Second Half of the NBA Season: SeatGeek analyzed the most anticipated games based on resale ticket prices and their percentage above face value. The Lakers vs. Celtics on February 18th represents the highest average ticket price for all remaining games in the second half of the NBA season, selling at an average ticket price of $300, or 375 percent over face value.
“SeatGeek TicketPulse™ can serve as an authoritative resource for sports and music fans, providing a unique perspective on the market factors that are moving ticket prices,” said Jack Groetzinger, co-founder of SeatGeek. “Understanding the right time to purchase tickets on the resale market has always been a challenge, but SeatGeek’s forecasting capabilities eliminates the guesswork for consumers, while helping them identify the optimal time to get the best deal.”
The statistics in the TicketPulse™ report were drawn from SeatGeek’s database of millions of historical secondary market transactions. The technology tracks secondary market price movements for all NBA games, giving a comprehensive picture of the demand for every game. In addition to this transactional data, analysis includes the face value of NBA tickets and other variables that SeatGeek has determined drive secondary market prices (e.g. team winning records, player statistics, weather data, game attendance, etc).
SeatGeek is a search and forecasting service for sports and concert tickets on the secondary ticket market. The company helps consumers determine the best time to buy and sell tickets based on their patent-pending algorithm that analyzes over 70 different data variables to determine price fluctuations in the ticket market. Founded in 2009, SeatGeek is a privately funded company headquartered in New York City. For more information, visit http://www.seatgeek.com.
For Additional Information
Mike Schroeder or Ben Kessler