Mayweather-Pacquiao sells out in 60 seconds, ticket resells for P6.3M

(INQUIRER PHOTO)

HOLLYWOOD—Gone in 60 seconds.

That’s how fast tickets for the Floyd Mayweather-Manny Pacquiao colossal battle were gobbled up Thursday even if they come at very stiff prices.

USA Today reported that the sale for 500 tickets made available opened at 3:00 p.m. and by 3:01, visitors at Ticketmaster’s phone hotline receive a message that tickets were no longer available.

These were priced between $1,500, the cheapest, and $7,500, which isn’t even the costliest. There are $10,000 tickets, but they weren’t made available to the public.

The unbelievable demand further raised the tickets’ resale value.

Just 45 minutes after sale was stopped, StubHub reported that the lowest cost being offered is now $5,796.75 for a seat in Row Q of the upper deck.

The most expensive now retails for $141,575.28 (about P6.3 million) for a ringside seat.

A TMZ report even claimed that it took less than 20 seconds for the tickets to disappear even though they’re now the most expensive for any event ever.

According to TiqIQ, the average secondary market price for Mayweather-Pacquiao stands at $10,973.14, eclipsing the previous mark of $10,466.11 posted during the last Super Bowl in Phoenix.

ESPN reported that 14,000 tickets were actually made available for sale, but majority of them were distributed among MGM Grand, Mayweather Promotions, Top Rank and major sponsors.

At the tickets’ floor prices, the 16,800-seat MGM Grand will already bring an unprecedented $74 million in gate receipts, contributing to the projected $300 to $400 revenues of the grandest fight of all time.