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Secondary Market

All articles tagged with #secondary market

college-sports8 hours ago

Smart Parking and Shuttle Plans for the Miami CFP Title Game

Parking passes for the Hard Rock Stadium Express lots are sold out for the Miami-Indiana CFP National Championship, pushing fans to the secondary market where prices range from about $444 to nearly $9,881 on Gametime (and roughly $128–$135 on StubHub for express lots). The CFP urges using the Hard Rock Stadium Express lots (Lot 70 North and Lot 95 South) and free shuttles to the stadium; you’ll need a game ticket to enter closer lots and to board shuttles. Lot opens at 11 a.m. for a 7:30 p.m. kickoff; gates open at 4:30 p.m. Fans should expect strict security and an extended perimeter, with police directing those in parking areas after kickoff. Rideshares are encouraged to drop off at express lots and riders should request pickups there for the return; plan travel time accordingly.

via Sun Sentinel|
#college-sports#hard-rock-stadium#parking
world4 months ago

FTC sues ticket resellers over Taylor Swift and major concert ticket scandals

The FTC has sued Maryland-based Key Investment Group for illegally purchasing and reselling hundreds of thousands of tickets, including thousands for Taylor Swift's Eras Tour, at inflated prices by bypassing Ticketmaster's security measures. The company allegedly used thousands of accounts and virtual credit cards to circumvent purchase limits, making over $64 million from resales, violating federal laws. The case highlights ongoing issues with ticket scalping and online security measures.

via CBS News|
#ftc-lawsuit#secondary-market#taylor-swift
business7 months ago

Blackstone Acquires $5 Billion in PE Stakes from NY Pensions

Blackstone agreed to purchase $5 billion of private equity stakes from the New York City pension system in a strategic move to realign its portfolio, amidst a broader trend of secondary market transactions driven by higher interest rates and market conditions. The sale involved multiple funds and managers, with the pension system aiming to optimize its investments without immediate liquidity needs.

via Bloomberg.com|
#blackstone#business#new-york-pensions
luxury-watches1 year ago

"Rolex Unveils 2024 Watch Collection: A Return to Normalcy After 'Crazy' Debuts"

Rolex's 2024 watch debuts at the Watches and Wonders trade show in Geneva signal a return to normalcy after the hype of 2023, with refreshed looks and precious metals. Key releases include a new GMT-Master II in stainless steel, a bold 18K gold Deepsea, and upscale versions of the Cosmograph Daytona. While the new models may not match the hype of last year, they are still expected to be sales hits and investments, despite a weakening secondary market. Rolex is addressing supply issues by introducing a certified pre-owned program and expanding production, but CEO Jean-Frédéric Dufour warns of challenges ahead due to a strong Swiss franc, material costs, and higher interest rates.

via Yahoo Finance|
#2024#luxury#luxury-watches
financetechnology1 year ago

"Fintech's High Flyers: Valuations Plummet as Funding Dwindles by 70%"

The estimated valuations of 11 leading private fintech startups have declined by as much as 79% due to a significant drop in venture capital funding for the industry. New platforms like Caplight and Notice are now providing valuation estimates based on secondary-market trades they track. Despite the declines, some startups have started to recover, with companies like Stripe, Klarna, and Ramp seeing their valuations tick back up. However, valuing companies based on secondary-market data has its limitations and critics, and the market remains uncertain as investors navigate the aftermath of the fintech funding boom and subsequent bust.

via Forbes|
#financetechnology#fintech#secondary-market
sports1 year ago

"Record-breaking Super Bowl LVIII ticket prices continue to soar"

The get-in ticket prices for Super Bowl LVIII at Allegiant Stadium are on track to be the most expensive in the game's history, with the cheapest available seat hovering around $7,790, surpassing the previous record set during the pandemic-reduced capacity Super Bowl in 2021. The demand reflects the historic nature of the first Super Bowl in Las Vegas and the significant price hikes for Raiders home games at Allegiant Stadium. StubHub reports strong sales, with the 49ers fan base driving the most demand, and buyers from 16 countries outside the United States.

via Yahoo Sports|
#allegiant-stadium#secondary-market#sports
sports1 year ago

"Record-Breaking Super Bowl LVIII Ticket Prices Defy Expectations"

The get-in ticket prices for Super Bowl LVIII at Allegiant Stadium are on track to be the most expensive in the game's history, with the cheapest available seat hovering around $7,790, surpassing the previous record set during the pandemic-reduced capacity Super Bowl in 2021. The demand reflects the historic nature of the first Super Bowl in Las Vegas, with strong sales trends pointing to an expected peak buying period on Thursday. StubHub has seen strong sales, with the 49ers fan base accounting for the most demand, and buyers from 16 countries outside the United States.

via Yahoo Sports|
#allegiant-stadium#secondary-market#sports
sports2 years ago

"Iowa's Caitlin Clark Sparks High Demand for Road Game Tickets"

Tickets to see Iowa's Caitlin Clark play in person are in high demand, with most road games at Big Ten arenas sold out for the remainder of the season. Prices on secondary market sites are soaring, with some tickets going for over $1,000. Clark's stellar performance and the surge in women's basketball popularity have contributed to the increased ticket demand, with Iowa selling out nearly every road game. The article also provides a breakdown of ticket availability and prices for upcoming games.

via USA TODAY|
#caitlin-clark#iowa-hawkeyes#ncaa-womens-basketball
sports2 years ago

Panthers vs Falcons: Tickets plummet to 45 cents as Carolina seeks victory in Week 15

Tickets for the upcoming Falcons vs. Panthers NFL game are being sold on the secondary market for as low as 45 cents, highlighting the dismal state of the Panthers' season. With little to be excited about and season ticket holders unable to opt out, fans are looking to recoup their money. This situation reflects poorly on owner David Tepper, who could afford to buy a ticket every week for billions of years with his net worth. However, it is advised to avoid attending the game and find other ways to spend your time.

via SB Nation|
#carolina-panthers#david-tepper#nfl
sports2 years ago

Ticket Chaos: University of Montana Athletics Faces Backlash Over Semifinal Football Game Sales

University of Montana Athletics faced backlash from disgruntled fans who were unable to secure tickets for the FCS semifinal football game due to high demand and limited availability. With a record number of season ticket holders and various reserved seats, only a small number of tickets were available to the general public, leading to quick sellouts and inflated prices on the secondary market. While the university takes steps to prevent bulk purchases, they cannot control ticket resales or prevent up-charging. The University of Montana Police Department increased patrols around the ticket office to ensure a smooth process. The game can be watched on ESPN 2 for those who couldn't obtain tickets.

via KPAX News|
#fan-frustration#fcs-semifinal#secondary-market
business2 years ago

"Rolex Recession: Fed's Impact on Luxury Watch Market"

The secondary market for luxury watches, including top brands like Rolex, Patek Philippe, and Audemars Piguet, has experienced a significant decline, with prices falling by 32% from their peak in March 2022. This downturn is attributed to elevated interest rates and economic uncertainties, which have dampened demand for luxury timepieces. The Federal Reserve's aggressive monetary tightening and rate increases have fueled fears of an economic downturn, leading investors to scale back luxury spending and increase savings. The costliest timepieces have suffered the worst declines, with prices in the $50,001-$100,000 range falling over 15% in the past year. Despite the recent decline, luxury watches have outperformed the stock market over the long term.

via Markets Insider|
#business#economic-downturn#federal-reserve